Exam 1: The Global Economy
Exam 1: The Global Economy122 Questions
Exam 2: Trade and Technology: the Ricardian Model173 Questions
Exam 3: Gains and Losses From Trade in the Specific-Factors Model122 Questions
Exam 4: Trade and Resources: the Heckscher-Ohlin Model133 Questions
Exam 5: Movement of Labor and Capital Between Countries132 Questions
Exam 6: Increasing Returns to Scale and Monopolistic Competition139 Questions
Exam 7: Import Tariffs and Quotas Under Perfect Competition86 Questions
Exam 8: Import Tariffs and Quotas Under Imperfect Competition105 Questions
Exam 9: International Agreements: Trade, Labor, and the Environment179 Questions
Exam 10: Introduction to Exchange Rates and the Foreign Exchange Market141 Questions
Exam 11: Exchange Rates I: the Monetary Approach in the Long Run152 Questions
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Intel, an American company, has manufacturing plants in
China that assemble U.S.made components.Suppose one
Of these plants produces and sells a computer chip to a
Chinese computer manufacturer.How is this sale recorded
In U.S.international trade statistics?
(Multiple Choice)
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In 1956 an invention increased the volume of world trade
By lowering the cost of shipping.What was the invention?
(Multiple Choice)
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What caused the decline in trade during the 2008-2009
Financial crisis?
(Multiple Choice)
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Suppose that in retaliation to British limits on Balkan
migrants, Bulgaria carries out its threat to take "reciprocal
measures" against British migrants to Bulgaria.Will this
work? Why or why not?
(Essay)
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Irene Jones, a U.S.citizen, purchases a shirt from
Walmart for $10 that Walmart imported from China for
$5.How did these transactions change the values of U.S.
and Chinese imports and exports and the U.S.Chinese
and ChineseU.S.bilateral trade balances?
(Essay)
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Suppose that a country has a low ratio of trade to GDP.Which of the
Following may be a possible explanation for this?
I.The country has high import tariffs on imports.
II.The country is geographically distant from the rest of the world.
III.The country is small.
(Multiple Choice)
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Which of the following is NOT included in the calculation of
A country's gross domestic product (GDP)?
(Multiple Choice)
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Which of the following is classified as reversevertical
FDI?
(Multiple Choice)
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When a firm in an industrial nation purchases a firm in a
Lowerincome nation, economists call it:
(Multiple Choice)
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During the 2008-2009 financial crisis, what happened to
The ratios of trade to GDP for most developed nations?
(Multiple Choice)
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What was an outcome of the SmootHawley tariff enacted
By the United States?
(Multiple Choice)
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What nations have the world's highest volume of internal
Trade with one another?
(Multiple Choice)
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According to the article "A Sea Change in Shipping 50
Years Ago," what impact did container shipping have on
Global trade?
(Multiple Choice)
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