Need some help with these multiple choice economics questions?

Question by The: Need some help with these multiple choice economics questions?
13. (TCO 5, 6, 10) Budget surpluses are most appropriate during (Points: 5)
depressions
recessions
inflations
none of the above

14. (TCO 5, 6, 10) The ‘Crowding-Out Effect’ of government spending as a fiscal policy tool is shown by (Points: 5)
People expecting the government to “take care” of them and not saving for themselves
Increasing interest rates that reduce businesses borrowing for investment
Government buying pre-school shots for children instead of the children’s parents buying them
Foreign investors buying U.S. currency to buy U.S. securities which drives the exchange rate of U.S. currency up

15. (TCO A person has a ‘comparative advantage’ in producing a good if (Points: 5)
that person can produce the good at a lower absolute cost than anyone else.
that person can produce the good at a lower opportunity cost than anyone else.
that person can do a better job than anyone else.
that person spends less money in out-of-pocket expenses than anybody else.

16. (TCO ‘Comparative advantage’ is based on (Points: 5)
“gains from free trade”
idea of economic superiority.
absolute costs of producing goods in different countries.
relative opportunity costs of producing goods in different countries.

17. (TCO 9) If the U.S. dollar is stronger than the French euro, U.S. exports to France (Points: 5)
and French exports to the United States rise.
and French exports to the United States fall.
rise, and French exports to the United States fall.
fall, and French exports to the United States rise.

18. (TCO 9) If the worldwide demand for dollars relative to all other currencies increases, then the value of the dollar in terms of any other currency: (Points: 5)
Increase and the dollar will appreciate
Increase and the dollar will depreciate
Decrease and the dollar will appreciate
Decrease and the dollar will depreciate

19. (TCO 8, 9) Frank gets a job because the foreign demand for the product his firm produces rose. This is a result of the U.S. dollar: (Points: 5)
Being weak relative to other nation’s currencies.
Appreciating relative to other currencies.
Being targeted by the IMF for inflation.
none of the above

20. (TCO 8, 9) The U.S. Current Account Balance most often shows (Points: 5)
A surplus
A deficit
Zero balance, equal number of debits and credits
The smallest current account deficits relative to its GDP compared to other countries

Best answer:

Answer by Faz
13. Recessions
14. Increasing interest rates that reduce businesses borrowing for investment
15. That person can produce the good at a lower opportunity cost than anyone else.
16. relative opportunity costs of producing goods in different countries.
17. fall, and French exports to the United States rise.
18. Increase and the dollar will appreciate
19. Being weak relative to other nation’s currencies.
20. A deficit

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