Exam 1: Introduction

In September 2010,the finance minister of ________ declared that the world was "in the midst of an international currency war" because of rapid appreciation in the value of the country's currency,the ________.

Because the Constitution forbids restraints on interstate trade

Which of the following is NOT a major concern of international economic theory?

International capital markets experience a kind of risk not faced in domestic capital markets,namely

If there are large disparities in wage levels between countries,then

The international financial crisis of 2007 was the result of

International trade theory implies that international trade is beneficial to all trading countries.However,casual observation leads to the conclusion that official obstruction of international trade flows is widespread.How might you reconcile these two facts?

After World War II,the United States has pursued a broad policy of

Cost-benefit analysis of international trade

For almost 70 years international trade policies have been governed

International economics ________ use the same fundamental methods of analysis as other branches of economics,because ________.

International economics can be divided into two broad sub-fields

The euro,a common currency for most of the nations of Western Europe,was introduced

Historians of economic thought often describe ________ written by ________ and published in ________ as the first real exposition of an economic model.

Who sells what to whom

A fundamental problem in international economics is how to produce

Since 1994,trade rules have been enforced by

An improvement in a country's balance of payments means a decrease in its balance of payments deficit,or an increase in its surplus.In fact we know that a surplus in a balance of payments

The United States is less dependent on trade than most other countries because

The distinction between international trade and international money is not entirely clear because