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Question 21 The excess supply of dollars created by a balance-of-trade deficit must be offset by outflows of capital
Question 21 The excess supply of dollars created by a balance-of-trade deficit must be offset by outflows of capital. True False
Question 22 According to Rostow's stages of economic development, in order to move beyond Stage 1, a poor country must improve education and health care for the masses. True False
Question 23 According to the official U.S. threshold, 35 percent of Americans live in poverty. True False
Question 24 When the dollar price of yen increases, Honda automobiles from Japan become cheaper to U.S. residents. True False
Expert Solution
Question 21
The excess supply of dollars created by a balance of trade deficit must be offset by outflows of capital.
Answer : False
Question 22
According to Rostow's stages of economic development, in order to move beyond Stage 1 a poor country must improve education and health care for the masses.
Answer : True.
Question 23
According to the official U.S. threshold , 35 percent of Americans live in poverty.
Answer : False
Question 24
When the dollar price of yen increases, Honda automobiles from Japan become cheaper to U.S. residents.
Answer : False
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