題目

The currency in country X is the Krone while country Y uses the Euro. Country Y has recently experienced an increase in its?exchange rate with Country X. Which of the following effects is likely to result in Country Y?

A

A stimulus to exports in Country Y

B

An increase in the costs of imports from Country X

C

Reducing demand for imports from Country X

D

A reduction in the rate of cost push inflation

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Chapter3Themacroeconomicenvironment

Rationale: An increase in the exchange rate makes a country's exports more expensive to overseas buyers, and?importscheaper： it therefore has the opposite of the first three effects. The lower cost of imports, however, is likely to?reduce therate of domestic inflation.Ways in: You could group options B and C together (increased cost = reduce demand):?since both cannot be the answer, and there is only one answer, neither of these options can be correct. This gets you quite?a long way towards the solution …So if you don't know an answer, don't panic: logic can often help!

多做幾道

Monetary policy is a government economic policy relating to:

1 Interest rates

2 Taxation

3 Public borrowing and spending

4?Exchange rates

Which of the above are correct?

A

1 and 4

B

?2 and 3

C

2 and 4

D

3 and 4

Which of the following organisations might benefit from a period of high price inflation?

A

An organisation which has a large number of long-term payables

B

An exporter of goods to a country with relatively low inflation

C

A large retailer with a high level of inventory on display and low rate of inventory turnover

Which of the following are the goals of macroeconomic policy?

1 Encouraging economic growth

2 Low unemployment

3 Achievement of a balance between exports and imports

4 Achieving zero inflation

A

1 and 2

B

2 and 3?

C

2, 3 and 4

D

1, 2 and 3

Which of the following is an example of cyclical unemployment?

A

The entry of school leavers into the labour pool each year

B

Lay-offs among agricultural labourers in winter

C

Automation of ticketing services in tourism

D

Recession in the building industry

A surplus on the balance of payments usually refers to a surplus or deficit on the account.Which word correctly complete this?statement?

A

Current

B

Capital

C

Financial

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