Examlex

Solved

In a Small Open Economy, If the World Real Interest

question 16

Multiple Choice

In a small open economy, if the world real interest rate is above the rate at which national saving equals domestic investment, then there will be a trade ______ and ______ net capital outflow.


Definitions:

Basil I

Byzantine Emperor from 867 to 886 AD, founder of the Macedonian dynasty, known for his administrative reforms and military campaigns.

Hagia Sophia

A historic architectural marvel in Istanbul, originally an Eastern Orthodox cathedral, later an Ottoman mosque, and now a museum.

San Vitale

An early Christian church in Ravenna, Italy, famed for its stunning Byzantine mosaics, dating back to the 6th century.

Mosaic Program

An initiative or project that involves assembling small pieces of colored glass, stone, or other materials to create a picture or pattern.

Related Questions