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Some questions are on photos. Thank you! This is all the information that is given in the test. () a) high rate of saving and

Some questions are on photos. Thank you! This is all the information that is given in the test.

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() a) high rate of saving and low rate of investment ( b) low rate of saving and investment O c) low rate of saving and high rate of investment O d) increase in population growth ()e) high rate of saving and investmentWhich of the following is not an argument for protectionism? a) to gain a comparative advantage O b) to protect strategic industries () ) to prevent rich nations from exploiting poor ones O d) to save jobs in industries competing with imports O e) to allow infant industries to establish themselvesWhich of the following is an indication that a country is running a balance of payments deficit? ( a) it buys gold abroad (O b) it borrows abroad on a long-term basis O c) its imports exceed its exports O d) its holdings of foreign currency declinesTariffs ()a) encourage producers to produce more for export () b) earn revenue for producers )9) encourage consumers to buy more imports ()d) earn revenue for consumers Oe) earn revenue for the governmentCurrency 2002 Exchange Rate 2004 Exchange Rate Euro 0.50 euros/C$ 0.60 euros/C$ Japanese Yen 100 yen/C$ 80 yen/C$ From the table above it appears that between 2002 and 2004, the Canadian dollar ()a) appreciated against the euro and appreciated against the yen ( b) depreciated against the euro and depreciated against the yen ( c) depreciated against the euro and appreciated against the yen ( d) appreciated against the euro and depreciated against the yen ()e) remained on a par with both the euro and the yen\fPopulation growth remains high in many low-income countries because O a) of all of these O b) cultural norms favour large families ()

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