1) It is a record of all economic transactions between residents of a country and the rest of the world in a particular period. a) Current account​ b) Balance of payment​ c) Trade in goods​ 2) If exports from home country become more expensive to customers from other countries this is because of the value of its currency____. a) Devalue b) Appreciates​ c) Depreciates 3) Imports from other countries become more expensive, if home currency ____. a) Devalue b) Appreciates c) Depreciates 4) If exports from home country become less expensive to customers from other countries, if home currency _____​ a) Depreciates​ b) Appreciates c) Devalue 5) If imports from other countries become cheaper, it is because of home currency _____.​ a) Appreciates b) Depreciates c) Devalue 6) When the total value of goods and services exported is greater than the total value of goods and services imported, the current account is in _____. a) Deficit b) Surplus c) Balance 7) When the total value of goods and services exported is less than the total value of goods and services imported, the current account is in ______. a) Deficit b) Surplus c) Balance 8) The following are causes of current account deficit except one  a) poor infrastructure b) declining incomes in foreign markets c) lower exchange rate of home country 9) Which of the following are causes of current account surplus a) lower exchange rate b) higher incomes in overseas markets c) imports are inexpensive 10) Is current account deficit is a bad thing? a) yes b) no c) maybe

PTD-G9-Economics

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