A country with a surplus in the balance of payments may()
A. increase foreign exchange reserves
B. enhance ability of external payment
C. raise the cost of international trade
D. improve it international status
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The Marshall-Lerner condition applies only if ηx+ηm > 1, in whichηx+ηm is()
A. supply price elasticity of domestic import and export commodities
B. demand income elasticity of domestic imports and exports commodities
C. expected Elasticity of demand for domestic imports and exports commodities
D. demand price elasticity of domestic imports and exports commodities
The government sells US dollars for domestic currency in foreign market to prevent its currency devaluation. This activity is known as()
A. financing policy
B. expenditure change policy
C. fiscal policy
D. monetary policy
China compiled and published its balance of payments based on the standards in the fifth editions,()are listed as first-level items in parallel with the current account, capital account and financial
A. direct investment
B. goods and services
C. reserve assets
D. capital transfer
The government’s policy of reducing fiscal expenditure is()
A. monetary policy
B. fiscal policy
C. financing policy
D. adjustment policy