Work income = Income paid by foreigners to domestic residents - Income paid by Spain to foreign residents
Work income = Income paid by Spain to foreign residents - Income paid by foreigner to demestic residents
If the current account balance is negative (Income lower than payments), the country is said to have a current account ___
Surplus
Deficit
Balance
If the joint balance of the current account and capital account is negative, it means that our payments to the rest of the world have been ___ than what we have collected
The other answers are correct
Lower
Greater
The more indebted a country is, the ___ the amount of interest it must pay on its debt
The other answers are correct
Lower
Greater
If a resident in Spain buys shares in a foreign company there is a capital ___
Outflow
Inflow
The other answers are correct
Investments (direct and portfolio) of Spain abroad are a capital ___
Outflow
Inflow
The other answers are correct
Foreign deposits in Spain have a ___ sign in the Financial Account
Negative
Positive
Neutral
When a country invest in Spain, Spain becomes a ___ of that country
The other answers are correct
Creditor
Debtor
When the balance of the financial balance is negative, it is said that there has been a net capital ___
Outflow
Inflow
The other answers are correct
When Spain imports a car to the United States and pays for the car with a check for €20,000, this operation, for us, is a capital ___
The other answers are correct
Export
Import
Suppose that Spain exports wine to the United States for an amount of $15,000. The wine company has received a check for $15,000 which is exchanged at the Central Bank for euros. Therefore, the Central Bank is buying dollars in exchange for euros, thus increasing the assets of the United States in the hands of the Spanish people, that is, Spain is becoming the ___ of the United States
Debtor
Creditor
The other answers are correct
Suppose that Spain buys shares for an amount of €10,000 in an American company. Payment in euros means that domestic assets in the hands of the rest of the world ___
Decrease
The other answers are correct
Increase
The item of errors and omissions, derived from the difficulty of obtaining absolute precision in the annotation of operations, must be ___
Minimal
Maximum
The other answers are correct
The ___ exchange rate is the rate at which an organization can trade goods and services from one economy (for example, from one country) for those from another economy
Trust
Real
The other answers are correct
A ___ exchange rate prevents a government from using national monetary policy to achive macroeconomic stability
Floating
Fixed
The other answers are correct
A floating exchange rate ___ the volatility of currencies
The other answers are correct
Decreases
Increases
If the euro/dollar exchange rate increases in the euro zone, exports ___
Increase
Decrease
The other answers are correct
In a country with the gold standard system, if domestic prices decrease, imports ___
Increase
Decrease
The other answers are correct
The gold standard ___ be susceptible to speculative attacks
The other answers are correct
Can't
Can
With the IMF system, it was ___ to determine if the imbalance was temporary or no
Difficult
Easy
The other answers are correct
The ___ conference is an agreement by world political leaders to establish the framework for international trade and finance and the founding of various international institutions intended to oversee the process of globalization
Springfield
Bretton Woods
Marks & Spencer
Since World War II subsidies for local businesses have ___
The other answers are correct
Increased
Reduced
The North American Free Trade Agreement is called ___
NAFTA
EFTA
MERCANORTE
Politically, the ___ have enjoyed a position of power among world powers; partly because of its strong and rich economy
Scandinavian countries
USA
Netherlands
One of the effects of globalization is that ___ competition
The other answers are correct
It has decreased
It has increased
The ___ fish farm in Granada exports up to 40% of its caviar production