Question 1

The types of goods Japan exports and imports appear to be well explained by

Accepted Answer

A)  Japanese endowments of factors of production (e.g. land, labor, capital, natural resources). 
B)  high and rising Japanese tariffs. 
C)  advertising and other sales promotion efforts. 
D)  All of the above. 
A)  Japanese endowments of factors of production (e.g. land, labor, capital, natural resources). 
B)  high and rising Japanese tariffs. 
C)  advertising and other sales promotion efforts. 
D)  All of the above.

Question 2

In the last 20 years, which of the following countries has experienced positive economic growth?

Accepted Answer

A)  Russia. 
B)  Zimbabwe. 
C)  Haiti. 
D)  All of the above have seen their economies decline during this period. 
A)  Russia. 
B)  Zimbabwe. 
C)  Haiti. 
D)  All of the above have seen their economies decline during this period.

Question 3

Which of the following is true?

Accepted Answer

A)  Much of the trade of the European Union (EU) countries is with EU countries. 
B)  Industrialized countries tend to trade relatively little and largely with developing countries. 
C)  Developing countries in Africa and South America tend to trade the most and largely with themselves. 
D)  All of the above are true. 
A)  Much of the trade of the European Union (EU) countries is with EU countries. 
B)  Industrialized countries tend to trade relatively little and largely with developing countries. 
C)  Developing countries in Africa and South America tend to trade the most and largely with themselves. 
D)  All of the above are true.

Question 4

Per capita GNP is defined as a country's GNP divided by its

Accepted Answer

A)  population. 
B)  labor force. 
C)  capitalists. 
D)  None of the above. 
A)  population. 
B)  labor force. 
C)  capitalists. 
D)  None of the above.

Question 5

As of 2007, the United States is the world's largest importer.

Accepted Answer

A) True 
 B)False

Question 6

The difference between a country's Gross National Product (GNP) and its Gross Domestic product (GDP) is that

Accepted Answer

A)  GNP refers to production within the nation while GDP refers to production by domestic factors no matter where they are located. 
B)  GNP is always bigger than GDP. 
C)  GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located. 
D)  Two of the above are true. 
A)  GNP refers to production within the nation while GDP refers to production by domestic factors no matter where they are located. 
B)  GNP is always bigger than GDP. 
C)  GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located. 
D)  Two of the above are true.

Question 7

Growth in per capita GNP in developing countries has tended to be much more variable in recent years than per capita GNP growth rates in industrialized countries.

Accepted Answer

A) True 
 B)False

Question 8

Countries of the world differ in terms of their

Accepted Answer

A)  geographic size. 
B)  population size. 
C)  standards of living. 
D)  All of the above. 
A)  geographic size. 
B)  population size. 
C)  standards of living. 
D)  All of the above.

Question 9

Which of the following statements is false?

Accepted Answer

A)  Richer countries tend to be found in North America, Western Europe, and Japan. 
B)  Countries with large populations tend to be rich. 
C)  Growth of per capita GNP tends to be quite stable about 1.5-3 percent per year in industrialized countries. 
D)  Over the past several decades, growth of per capita GNP tends to be higher on average in industrialized countries than in low or middle-income countries. 
A)  Richer countries tend to be found in North America, Western Europe, and Japan. 
B)  Countries with large populations tend to be rich. 
C)  Growth of per capita GNP tends to be quite stable about 1.5-3 percent per year in industrialized countries. 
D)  Over the past several decades, growth of per capita GNP tends to be higher on average in industrialized countries than in low or middle-income countries.

Question 10

Large countries tend to be more open than small countries.

Accepted Answer

A) True 
 B)False

Question 11

Japanese exports are heavily concentrated in

Accepted Answer

A)  agricultural products such as rice. 
B)  natural resource products such as coal. 
C)  manufactured products including motor vehicles. 
D)  Both A and C. 
A)  agricultural products such as rice. 
B)  natural resource products such as coal. 
C)  manufactured products including motor vehicles. 
D)  Both A and C.

The types of goods Japan exports and imports appear to be well explained by

In the last 20 years, which of the following countries has experienced positive economic growth?

Which of the following is true?

Per capita GNP is defined as a country's GNP divided by its

As of 2007, the United States is the world's largest importer.

The difference between a country's Gross National Product (GNP) and its Gross Domestic product (GDP) is that

Growth in per capita GNP in developing countries has tended to be much more variable in recent years than per capita GNP growth rates in industrialized countries.

Countries of the world differ in terms of their

Which of the following statements is false?

Large countries tend to be more open than small countries.

Japanese exports are heavily concentrated in

Tools of Analysis for International Trade Models

The Classical Model of International Trade

The Heckscher-Ohlin Theory

Tests of Trade Models: the Leontief Paradox and Its After-math

Tariffs

Nontariff Barriers and Arguments for Protection

Commercial Policy: History and Practice

Preferential Trade Arrangements

International Trade and Economic Growth

An Introduction to International Finance

The Balance of Payments

The Foreign-Exchange Market

Prices and Exchange Rates: Purchasing Power Parity

Exchange Rates, Interest Rates, and Interest Parity

Foreign-Exchange Risk, Forecasting, and International Investment

Basic Theories of the Balance of Payments

Exchange Rate Theories

Alternative International Monetary Standards

International Banking, Debt, and Risk

Open-Economy Macroeconomic Policy and Adjustment

Filters

Exam 1: An Introduction to International Trade

The types of goods Japan exports and imports appear to be well explained by

In the last 20 years, which of the following countries has experienced positive economic growth?

Which of the following is true?

Per capita GNP is defined as a country's GNP divided by its

As of 2007, the United States is the world's largest importer.

The difference between a country's Gross National Product (GNP) and its Gross Domestic product (GDP) is that

Growth in per capita GNP in developing countries has tended to be much more variable in recent years than per capita GNP growth rates in industrialized countries.

Countries of the world differ in terms of their

Which of the following statements is false?

Large countries tend to be more open than small countries.

Japanese exports are heavily concentrated in

Tools of Analysis for International Trade Models

The Classical Model of International Trade

The Heckscher-Ohlin Theory

Tests of Trade Models: the Leontief Paradox and Its After-math

Tariffs

Nontariff Barriers and Arguments for Protection

Commercial Policy: History and Practice

Preferential Trade Arrangements

International Trade and Economic Growth

An Introduction to International Finance

The Balance of Payments

The Foreign-Exchange Market

Prices and Exchange Rates: Purchasing Power Parity

Exchange Rates, Interest Rates, and Interest Parity

Foreign-Exchange Risk, Forecasting, and International Investment

Basic Theories of the Balance of Payments

Exchange Rate Theories

Alternative International Monetary Standards

International Banking, Debt, and Risk

Open-Economy Macroeconomic Policy and Adjustment

Filters