Open Economy Macroeconomics Quiz
Ready to take the quiz?
Test takers will enter name and email before starting.
Preview questions
1. What does an open economy allow for?
Only domestic trade · International trade and capital flows · No trade at all · Only capital flows
2. What is the balance of payments?
A record of all financial transactions · A measure of national income · A type of government budget · An economic growth indicator
3. Which of the following is a component of the current account?
Foreign direct investment · Exports and imports of goods and services · Portfolio investment · Official reserves
4. What does a trade surplus indicate?
Exports exceed imports · Imports exceed exports · Balanced trade · High foreign debt
5. Which of the following is NOT included in the capital account?
Foreign direct investment · Portfolio investment · Remittances · Loans
Related quizzes
View all EconomicsClass XII Economics Quiz: Open Economy Macroeconomics
Open Economy Macroeconomics
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Producer Behaviour and Supply Quiz
Producer Behaviour and Supply
Class XII Economics Quiz - Introduction
Introduction