|1. | |Question : | |(TCO 3) The value of goods imported into France exceeds the value of French exports. This indicates that France: | | | |Student Answer: | | | |will experience an exchange rate decrease | | | | | | | |utilizes high tariffs | | | | | | | |will incur a budget deficit | | | | | |[pic] | |has a balance of trade deficit | | | |Instructor Explanation: | |Chapter 3 Page 64 |
|2. | |Question : | |(TCO 3) Which of the following is included when calculating a country's balance of payments? | | | |Student Answer: | |[pic] | |Foreign aid...
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