Multiple Choice
Statement I: GATT regulates world trade.
Statement II: The basis for international trade is that a nation stands to gain more if it can sell more to other nations than it buys from them.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
Correct Answer:
Verified
Q24: Between 2005 and 2007 our trade averaged
Q25: Our trade deficit in 2009 was _.
Q26: The name of the currency now being
Q27: In 2007,Mexico signed a trade pact with<br>A)Japan.<br>B)China.<br>C)the
Q28: Volkswagen's New Beetle is made in<br>A)Germany.<br>B)The U.S.<br>C)Canada.<br>D)Mexico.
Q30: Specialization and exchange<br>A)creates benefits for both individuals
Q31: Statement I: China and South Korea are
Q32: The U.S.negative balance of trade was almost
Q33: GDP = C + I + G
Q34: Since the 17<sup>th</sup> century,the United States has