One Day

1
If a country has a trade surplus of $60 billion, which of the following can be true?
A)
The countrys exports atomic number 18 $one hundred eighty billion, and its imports argon $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 $150 billion, and its imports are $100 billion.
B)
The countrys exports are $110 billion, and its imports are $160 billion.
C)
The countrys exports are $100 billion, and its imports are $50 billion.
D)
The countrys exports are $150 billion, and its imports are $60 billion.
Answer:B
3)
According to the theory of relative advantage, a country ________ the goods in which its has a comparative degree advantage.
A)
exports
B)
imports
C)
exports and imports
D)
does not trade
Answer:
A
4
Thailand has a comparative advantage 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 two cell 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 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 opportunity cost of producing computer...If you need to get a full essay, order it on our website: Ordercustompaper.com



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