9 10 11 12 13 without explain ation

(9) There is more empirical evidence in the literature to suggest that: a. the absolute version of purchasing power parity holds in the short run. b. the relative version of purchasing power parity holds in the short run. c. the absolute version of purchasing power parity holds in the long run. d. the relative version of purchasing power parity holds in the long run. (10) A credit item in the balance of payments is: a. an item for which the country must be paid. b. any loan given out by the country. c. any imported item. d. an item that creates a monetary claim owed to a foreigner. (11) In the balance of payments, the statistical discrepancy is used to: a. show how a balance-of-payments deficit is funded. b. obtain an accurate account of a balance-of-payments surplus. c. ensure that the sum of all debits matches the sum of all credits. d. ensure that the value of imports equals the value of exports. (12) Company X is a perfume manufacturer and one of its popular products involves rosewood. It is deeply concerned with the market price fluctuations of rosewood. To protect this, it enters into a contract which would allow the company to buy rosewood at a specific price at a given future date. This is an example of: a. hedging. b. speculation. c. investment. d. profit maximization. (13) Rapid increases in the U.S. exports of goods and services will result in a(n) foreign currency and a(n) the U.S. dollars in the foreign exchange market. a. increase in the demand for; increase in the supply of b. increase in the supply of; increase in the demand for c. shortage of foreign currency; surplus of d. decrease in the supply of; decrease in the demand for