... models of balance-of-payments or exchange-rate determination 329
Learning objectives 329
Why the balance of payments (or the exchange rate) matters 331
Alternative views of balance-of-payments (or ... For a one-semester chapter emphasizing trade,
Chapters 1 through 11 provide a compact, self-contained, unit. For a one-term course empha-
sizing international finance and open economy macroeconom...
... II: Multiple Choice
- Ask students to do the exercise - Do the exercise
- Call students to read aloud sentences and their
choice.
- Checks answers
- Read aloud answers
- Check with teacher ... answers:
b. While-reading:
- Ask students to skim the text to get general idea of the
whole text
- Skim the text
a. Paragraph I:
- Ask students to find out the main...
... payments. The resulting lack of adjustment forced the aban-
donment of the fixed-exchange-rate system and the establishment of a
flexible-exchange-rate system. However, the system that is in operation
today ... inter-
section of aggregate supply and aggregate demand. In microeconomics,
equilibrium price exists where quantity demanded equals quantity sup-
plied. The supply and demand schedules i...
... of total
increase,-es,-ed ,-
ing
NM* 64 28
rise, -es, -ing, rose,
risen
U 59 26
other: up, high,
above
U 17 7.4
grow, -ing, grew,
grown, growth
ORG 85 37.3
fast, -er
wide, -r, -en
SP 3 1.3
Totals
228 ... difficulties encountered
by non-L1 students caused by specific features of economics discourse. The first
three chapters of this collection all discuss aspects of non-literalness in
eco...
... more elastic, es-
pecially in the long run when firms can adjust employment and production more
fully. They also note that many minimum-wage workers are teenagers from
middle-class families, ... services rather than cash are called in-kind transfers. Standard
measurements of the degree of inequality do not take account of these in-kind
transfers.
Because in-kind transfers are received mostly...