Exhibit: Saving and Investment in a Small Open Economy

question 25

Multiple Choice

Exhibit: Saving and Investment in a Small Open Economy

 
Reference: Ref 5-1
(Exhibit: Saving and Investment in a Small Open Economy) In a small open economy, if the world interest rate is r ,
Then the economy has:

• A)a trade surplus.
• B)balanced trade.
• C)a trade deficit.
• D)negative capital outflows.

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Definitions:

Direct Address

An unusual presentation of dialogue in which a character in a film breaks the so-called fourth wall (separating the fictional characters from the film spectator) in order to speak directly to the movie audience.

Fiction Film

A movie that tells a scripted, fictional narrative with actors, as opposed to documentaries, which depict real events and people.

Documentary

A term coined by John Grierson in the 1920s to describe formally structured nonfiction films. Documentary has come to refer to any film that is not by design or definition fictional.

Electronic Cinema

The distribution or projection of movies using digital technology instead of traditional film reels.