Multiple choice / simple finance

I. Answer the following multiple choice questions (2 points each):

1.  Fiscal Policy is __________.

a) Limits on the amount of a product imported

b) Recurring pattern of ups and downs in the nation’s business activity

c) Government’s taxing and spending decisions which are intended to improve the economy

d) Deep extended decline in the nation’s economy.

2. Which of the following is NOT an important U.S. import?

a) electronic products   b) motor vehicles  c) aircraft   d) coffee and tea

3. When a country spends more on imports than it earns on exports, it has a _________.

a)  trade deficit   b) trade surplus   c) balanced trade   d) shortage of trade

4. A tax on imported goods is called ________.

a) entrance tax    b) exit tax    c) tariff    d) excise tax

5. A deep, extended decline in a nation’s economy is a ________.

a) deficit  b) recession   c) depression   d) displacement

6.  When individual nations prosper, the world economy _______.

a) grows   b) declines   c) lapses   d) competes

7.  Goods and services sold by one country to another are called its________.

a) imports   b) exports  c) GDP   d) bartering

8.  The price of one currency in terms of another currency is the ________.

a) inflation  b) absolute rate   c) exchange rate   d) recession rate

9.  Countries do NOT usually benefit from trading with each other.  

True or false 

10. Monetary policy is _________.

a) Government’s efforts to help stabilize the economy by managing interest rates, the availability of loans, and the supply of money

b) Value of all nation’s exports minus the value of its imports

c) Tax on imported goods

d) The current value of all goods and services produced in a country in a year

II. Short Answer (20 points each)

1. The exchange rate for money entering Mexico is $1=10.80 pesos. During your visit to Mexico the exchange rate changes to $1=15.00 pesos. If you took $500 into the country exchanged it for pesos and then left with 500 pesos, how many dollars worth of pesos would you have when you exchanged it back into dollars?

2. Why do labor costs affect where multinational corporations choose to produce their goods?

3. How do changes in business activity in one nation affect other nations?

4. If the U.S. dollar increases in value how does that affect the American traveling in Europe? How would it affect the European visiting the United States?

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages