Wrap-Up Quiz 8 Due No due date Points 12 Questions 12 Available Mar 24 at 2:50pm - Mar 24 at 3:25pm 35 minutes Instructions This is your Wrap-up Quiz 8! The quiz consists of 12 questions. Good luck! Attempt History Attempt Time LATEST Attempt 1 13 minutes 4 Correct answers are hidden. Score for this quiz: 11 out of 12 Submitted Mar 24 at 3:04pm This attempt took 13 minutes. Question 1 Wrap-Up Quiz 8: Principles of Economics-T122PWB-2 Time Limit 15 Minutes Score 11 out of 12 111 pts If Walmart buys $50 million worth of consumer goods from China and sells them in the US., and China uses the $50 million to purchase U.S. bonds, U.S. net exports and U.S. net capital outflow both fall, Te Question 2 hitpsllearn klo.edu.vnlcourses/"12lquizzes/588 1/4 pts3724/22, 304 PM Wrap-Up Quiz 8: Principles of Economics-T122PWB-2 If the exchange rate is 12.5 pesos per U.S. dollar, it is also 1/12.5 U.S. dollars per peso. True False Question 3 1/1 pts ‘An increase in the government budget deficit shifts the supply of loanable funds to the left Tre False Question 4 111 pts ‘An increase in the U.S, interest rate discourages Americans from buying foreign assets and encourages foreigners to buy U.S. assets, Te False Question 5 111 pts In which of the following situations must national saving rise? Domestic investment decreases and net capital outflow increases, hitpsllearn klo.edu.vnlcourses/"12lquizzes/588 26242, 304 Pa \Wrap-Up Quiz 8: Principles of Economics-T122PWB-2 Both domes investment and net capital outflow decrease. Both domestic investment and net capital outflow increase. Correct Domestic investment ine eases and net capital outflow dec Question 6 111 pts ‘The value of Austria's exports minus the value of Austria's imports is called Austria's foreign direct investment. Austria's net imports Austria's foreign portfolio investment Austria's net exports. Correct Question 7 1/1 pts An appreciation of the U.S. real exchange rate induces U.S. consumers to buy fewer domestic goods and fewer foreign goods. fewer domestic goods and more foreign goods. Correct hitpsllearn klo.edu.vnlcourses/"12lquizzes/588 a63724/22, 304 PM \Wrap-Up Quiz 8: Principles of Economis-T122PWB-2 more domestic goods and fewer foreign goods. more domestic goods and more foreign goods. Question 8 1/1 pts From 1970 to 1998 the U.S. dollar lost value compared to the Italian lira because inflation was higher in Italy gained value compared to the Italian lira because inflation was higher in Haly. Correct gained value compared to the Italian lira because inflation was lower in Italy lost value compared to the Italian lira because inflation was lower in Italy. Question 9 114 pts Ifa country has a negative net capital outflow, then on net other countries are purchasing assets from it, This subtracts from its demand for domestically generated loanable funds, Correct con net itis purchasing assets from abroad. This adds to its demand for ed loanable Funds, domes lly genera hitpsllearn klo.edu.vnlcourses/"12lquizzes/588 463724/22, 304 PM \Wrap-Up Quiz 8: Principles of Economics-T122PWB-2 (on net itis purchasing assets from abroad. This subtracts from its demand for domestically generated loanable funds. on net other countries are purchasing assets from it, This adds to its demand for domestically generated loanable funds. Question 10 11/1 pts A rise in the budget deficit shiffs both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange left. shifis both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange right. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange left Correct shiffs both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange right. Question 11 1/1 pts Ifthe U.S. government increased its deficit, then hitpsllearn klo.edu.vnlcourses/"12lquizzes/588 563724/22, 304 PM Incorrect \Wrap-Up Quiz 8: Principles of Economics-T122PWB-2 USS. bonds would pay lower interest but a dollar would purchase more foreign goods. USS. bonds would pay higher interest and a dollar would purchase more foreign goods, Correct USS. bonds would pay h interest but a dollar would purchase fewer foreign goods. USS. bonds would pay lower interest and a dollar would purchase fewer foreign goods. Question 12 0/1 pts Other things the same, if U.S. residents choose to buy more Chinese goods and services the supply of dollars in the market for forei e shifts left the supply of dollars in the market for foreign-currency exchange shifts right. Incorrect the demand for dollars in the market for fore currency exchange shifts right. the demand for dollars in the market for foreign-curreney exchange shifts lef. Quiz Score: 11 out of 12 htpsllearn ko.edu.vnlcourses/"12lquizzes/588 ae