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Author Question: Under fixed exchange rates, a country's balance of payments problems will NOT be caused by (Read 80 times)

bobbysung

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on: May 25, 2020

Question 1

The supply curve of sterling will be upward sloping only if the price elasticity of demand for imports is
◦ equal to one.
◦ a positive figure less than one.
◦ a positive figure greater than zero.
◦ a positive figure greater than one.

Question 2

Under fixed exchange rates, a country's balance of payments problems will NOT be caused by
◦ faster growth in this country.
◦ lower inflation in this country.
◦ relative inflation.
◦ the income elasticity of demand for imports being higher than that for exports.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by bobbysung on May 25, 2020

bpool94

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbysung

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Reply 2 on: May 25, 2020
Excellent

vickybb89

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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