As the relative expected return on dollar assets increases, foreigners will want to hold more ________ assets and less ________ assets, everything else held constant

Industria specializes in the production of heavy machinery. It exports machinery to the rest of the world and imports oil from the Gulf countries. Based on this information, we can conclude that Industria is a(n) ________ economy

A) closed B) communist C) command D) open

"Banana republics" refers to:

A) nations that do not participate in free trade. B) nations that are net importers. C) nations that specialize in the production of only one good. D) nations that produce only agricultural products.