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Quiz set for the course of professor Tajoli, part 1: globalization, balance of payments. May your balance of trade be always equal to zero.

Questions: 9  |  Attempts: 636   |  Last updated: Mar 20, 2025
  • Sample Question 1
    Which of the following country will probably have a LOW degree of openness?
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  • Sample Question 2
    Poor countries tend to have high openness.
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  • Sample Question 3
    The exchange ratio (nominal) between the Colombian Peso and the US dollar (measured as Peso/$) in a certain year doubles its value; the average income of the Colombian inhabitants however does not show particular modifications, and so do their consumption possibilities. Given that Colombia import from US a negligible percentage of its total import, what is the effect on the Colombian GDP calculated in US dollar with the purchase power parity method?
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