Multiple Choice
Specialization and exchange
A) creates benefits for both individuals and nations.
B) does NOT particularly benefit either individuals or nations.
C) can benefit individuals but not nations.
D) can benefit nations but not individuals.
Correct Answer:

Verified
Correct Answer:
Verified
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.
Q29: Statement I: GATT regulates world trade.<br>Statement II:
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
Q35: When a country is considering the question