Multiple Choice
If the United States were to stop trading with other nations, economists would predict that in the long run the United States would end up with:
A) more jobs.
B) lower prices.
C) a higher standard of living.
D) a lower standard of living.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: In the United States, globalization has caused
Q6: What economists call the law of one
Q7: Transferable comparative advantages are:<br>A) based on factors
Q8: Refer to the table shown. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7145/.jpg"
Q9: The recent discovery of a significant amount
Q11: The supply of euros on the foreign
Q12: Refer to the graph shown. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7145/.jpg"
Q13: The balance of trade measures the:<br>A) difference
Q14: On average, globalization has:<br>A) been insignificant.<br>B) left
Q15: If the world supply curve is S<sub>W1</sub>,