Question 1

Taylor Helmets has been able to lower the average cost of producing a bicycle helmet as it increases the number of helmets it manufactures each day. Taylor Helmets is most likely benefiting from ________.

Accepted Answer

A)  opportunity costs 
B)  economies of scope 
C)  economies of scale 
D)  competitive advantages

Question 2

What is foreign direct investment?

Accepted Answer

The answer of What is foreign direct investment?...

Question 3

Early theories of international trade focused on the patterns of exports and imports in individual countries.

Accepted Answer

A) True 
 B)False

Question 4

Many countries have adopted some neomercantilist policies to protect key industries.

Accepted Answer

A) True 
 B)False

Question 5

According to mercantilism, a nation's wealth is determined by its holdings of gold and silver.

Accepted Answer

A) True 
 B)False

Question 6

In 2017, China accounted for approximately ________ of the world's merchandise exports.

Accepted Answer

A)  13.2 percent 
B)  25 percent 
C)  40 percent 
D)  55 percent

Exam 6: International Trade and Investment

Taylor Helmets has been able to lower the average cost of producing a bicycle helmet as it increases the number of helmets it manufactures each day. Taylor Helmets is most likely benefiting from ________.

What is foreign direct investment?

Early theories of international trade focused on the patterns of exports and imports in individual countries.

Many countries have adopted some neomercantilist policies to protect key industries.

According to mercantilism, a nation's wealth is determined by its holdings of gold and silver.

In 2017, China accounted for approximately ________ of the world's merchandise exports.