International Economics Exam Questions and Answers
8 views 0 purchase
Course
International Economics
Institution
International Economics
International Economics Exam Questions and Answers
The calculation of a country's balance of trade involves the value of its - Answer-exports and imports
What do NAFTA, EU, and ASEAN have in common? - Answer-They are all interested in promoting free trade.
Which BEST describes exchange ra...
international economics exam questions and answers
Written for
International Economics
International Economics
Seller
Follow
Perfectscorer
Reviews received
Content preview
International Economics Exam
Questions and Answers
The calculation of a country's balance of trade involves the value of its - Answer-exports
and imports
What do NAFTA, EU, and ASEAN have in common? - Answer-They are all interested in
promoting free trade.
Which BEST describes exchange rates? - Answer-The price of one nation's currency in
terms of another.
What is MOST LIKELY to happen to US imports and exports if the US dollar becomes
stronger relative to other currencies? - Answer-imports will increase, exports will
decrease
Which group benefits when the US dollar depreciates against other currencies? -
Answer-Foreign citizens vacationing in the US
Which statement BEST supports the argument that countries should engage in free
trade? - Answer-Free trade encourages countries to allocate their resources more
efficiently.
Supporters of NAFTA and free trade would contend that such agreements - Answer-
stimulate democratic reform and open markets in areas in need of improvement
The table shows the hypothetical international value of the Japanese yen in terms of the
European euro. Which of the following BEST explains why the yen per Euro changed
from year 1 to year 2? - Answer-Japanese consumers increased the demand for
European goods and services.
The above cartoon is portraying what kind of bias? A. Protectionist B. free
trade/globalization C. No bias - Answer-Protectionist
A tariff can BEST be described as which of the following? - Answer-a tax levied an
imported good
What is the primary purpose of the North American Free Trade Agreement (NAFTA)? -
Answer-to reduce trade barriers among the United States, Canada, and Mexico
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Perfectscorer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R208,66. You're not tied to anything after your purchase.
