One Day

1 If a country has a switch surplus of $60 billion, which of the following can be accredited? A) The countrys merchandises atomic arrive 18 $one light speed eighty billion, and its meanings argon $long hundred billion. B) The countrys exportations atomic number 18 $110 billion, and its mos argon $xcl billion. C) The countrys exports ar $ one hundred twenty billion, and its imports ar $180 billion. D) The countrys exports are $ one hundred cardinal billion, and its imports are $60 billion. repartee: A 2 If a country has a trade deficit of $50 billion, which of the following can be true? A) The countrys exports are $cl billion, and its imports are $100 billion. B) The countrys exports are $110 billion, and its imports are $clx billion. C) The countrys exports are $100 billion, and its imports are $50 billion. D) The countrys exports are $ one hundred fifty billion, and its imports are $60 billion. manage:B 3) According to the surmise of relational emolument, a country ________ the goods in which its has a comparative grad favor. A) exports B) imports C) exports and imports D) does not trade Answer: A 4 Thailand has a comparative return in sieve and an absolute advantage in booth phones.

Indonesia has a comparative advantage in booth phones and an absolute advantage in rice. According to this scenario A) Indonesia should export deuce booth phones and rice. B) Thailand should import both cell phones and rice. C) Thailand should export rice and import cell phones. D) Indonesia should export rice and import cell phones. Answer: C 5 The coupled States imports DVD rec poses from chinaware and China imports reckoner chips from the United States. If the theory of comparative advantage guides trade surrounded by the two countries, it must be true that A) the United States has comparative advantage in producing computer chips. B) the chance cost of producing computer...If you need to disembowel a full essay, order it on our website: Ordercustompaper.com

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