One Day

1 If a country has a trade wastefulness of $60 billion, which of the following can be true? A) The countrys exports atomic number 18 $one deoxycytidine monophosphate eighty billion, and its imports be $120 billion. B) The countrys exports are $110 billion, and its imports are $xcl billion. C) The countrys exports are $120 billion, and its imports are $180 billion. D) The countrys exports are $ one hundred sixty billion, and its imports are $60 billion. reply: 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 $cl billion, and its imports are $60 billion. Answer:B 3) consort to the possibleness of relative gain, a country ________ the goods in which its has a proportional degree prefer. A) exports B) imports C) exports and imports D) does not trade Answer: A 4 Thailand has a comparative advantage in sieve and an arbitrary 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 two mobile phone 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 united States imports DVD recorders from China and China imports reckoner chips from the United States. If the scheme of comparative advantage guides trade surrounded by t he two countries, it must be true that ! A) the United States has comparative advantage in producing computer chips. B) the opportunity cost of producing computer...If you need to crap a full essay, order it on our website: BestEssayCheap.com

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