* not completed

. Which of the following is not an export?

Sales of cars abroad correct incorrect

Purchase of foreign components correct incorrect

Students from abroad studying in your country correct incorrect

Sales of financial services overseas correct incorrect

* not completed

. The balance of payments measures

The value of a country's transactions with the rest of the world correct incorrect

The difference between government revenue and spending correct incorrect

The total debt of a country correct incorrect

The budget position of a government correct incorrect

* not completed

. A balance of payments deficit means:

household spending is less than household income correct incorrect

government spending is more than income correct incorrect

Export revenue is less than import spending correct incorrect

Inflation is less than unemployment correct incorrect

* not completed

. If there were a balance of payments deficit then in a floating exchange rate system:

The external value of the currency would tend to fall correct incorrect

The external value of the currency would tend to rise correct incorrect

The injections from trade are greater than the withdrawals correct incorrect

Aggregate demand is increasing correct incorrect

* not completed

. A tariff is:

A tax on domestic goods and services correct incorrect

A tax on foreign goods and services correct incorrect

A limit on the number of foreign goods entering a country correct incorrect

A limit on the number of foreign goods leaving a county correct incorrect

* not completed

. Tariffs:

Decrease the domestic price of a product correct incorrect

Increase government earnings from tax correct incorrect

Increase the quantity of imports correct incorrect

Decrease domestic production correct incorrect

* not completed

. What is the likely consequence of introducing a subsidy paid to domestic producers to protect against foreign producers?

An increase the price in the market correct incorrect

It provides an incentive for producers to be efficient correct incorrect

It subsidizes inefficient domestic production correct incorrect

It will raise revenue for the government
correct incorrect

* not completed

. Tariffs are an example of:

An expenditure switching policy correct incorrect

An expenditure reducing policy correct incorrect

An expenditure expanding policy correct incorrect

An expenditure stabilization policy correct incorrect

* not completed

. Measures to reduce imports will:

Boost injections into an economy correct incorrect

Reduce withdrawals from an economy correct incorrect

Decrease injections into an economy correct incorrect

Increase withdrawals from an economy correct incorrect

* not completed

. A quota:

Places a tax on foreign goods correct incorrect

Limits the number of foreign products sold in a country correct incorrect

Restricts the price of foreign products correct incorrect

Gives a subsidy to domestic products correct incorrect