{"id":49507,"date":"2022-04-01T07:56:51","date_gmt":"2022-03-31T21:56:51","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=49507"},"modified":"2022-04-01T07:56:51","modified_gmt":"2022-03-31T21:56:51","slug":"the-weekend-quiz-april-2-3-2022","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=49507","title":{"rendered":"The Weekend Quiz &#8211; April 2-3, 2022"},"content":{"rendered":"<p>\t\t\t\tWelcome to <strong>The Weekend Quiz<\/strong>. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.<br \/>\n<!--more--><\/p>\n<p><a href=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2020\/05\/Quiz_Image.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2020\/05\/Quiz_Image.png\" alt=\"\" width=\"296\" height=\"180\" class=\"alignnone size-full wp-image-44957\" \/><\/a><\/p>\n<p>These were the Quiz questions for the fourth and final week of my edX MOOC &#8211; <strong>Modern Monetary Theory: Economics for the 21st Century<\/strong>.<\/p>\n<p>I promised students that I would provide answers and analysis for them after the course finished.<\/p>\n<h4>Quiz #632<\/h4><ul>\n<li>1. The MMT classification of exports as a cost means:<\/li><ul><li>(a) Currency-issuing governments are not financially constrained.<\/li><li>(b) Foreign spending into the local economy can be inflationary.<\/li><li>(c) The resources that are embodied in exports are lost to the nation and are, instead, used by foreigners to enhance their material prosperity.<\/li><li>(d) Government debt interest payments have to be serviced.<\/li><\/ul>\n<li>2. A rising child dependency ratio:<\/li><ul><li>(a) Will ultimately lead to a falling standard dependency ratio once birth rates decline.<\/li><li>(b) Means that people of retirement age are increasing at a faster rate than children.<\/li><li>(c) Means that child care centres are becoming more dependent on government support.<\/li><li>(d) Means the aged dependency ratio is falling.<\/li><\/ul>\n<li>3. When a nations exchange rate depreciates:<\/li><ul><li>(a) The nations inflation rate accelerates.<\/li><li>(b) Imported motor vehicles become cheaper for residents to buy.<\/li><li>(c) Foreigners stop coming to the nation for holidays.<\/li><li>(d) Imported goods become more expensive in the local currency.<\/li><\/ul>\n<li>4. When a nations exchange rate appreciates, the debt servicing payments for debt denominated in a foreign currency:<\/li><ul><li>(a) Fall in local currency terms.<\/li><li>(b) Rise in local currency terms.<\/li><li>(c) Are unchanged in local currency terms because the payments are fixed by contract.<\/li><li>(d) Rise because foreign governments require higher payments.<\/li><\/ul>\n<li>5. A nation will become more competitive in international trade if: <ol> <li>(a) Its nominal exchange rate is unchanged, but its inflation rate falls relative to other nations.<\/li> <li>(b) Its nominal exchange rate is unchanged, but its inflation rate rises relative to other nations.<\/li> <li>(c) Its nominal exchange rate appreciates, but its inflation rate is unchanged relative to other nations.<\/li> <li>(d) Its nominal exchange rate depreciates, but its inflation rate is unchanged relative to other nations.<\/li> <\/ol><\/li><ul><li>(a)<\/li><li>(b)<\/li><li>(c)<\/li><li>(d)<\/li><li>(a) and (b)<\/li><li>(b) and (c)<\/li><li>(a) and (c)<\/li><li>(a) and (d)<\/li><\/ul>\n<\/ul>\n\n\t<h3>Sorry, quiz 632 is now closed.<\/h3>\n\t<p> You can find the answers and discussion <a href=\"\/blog\/?p=50775\">here<\/a><\/p>\n\t\n","protected":false},"excerpt":{"rendered":"<p>Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-49507","post","type-post","status-publish","format-standard","hentry","category-saturday-quiz","entry","no-media"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/49507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49507"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/49507\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}