CH6 - CHAPTER 6 The United States in the Global Economy...

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Unformatted text preview: CHAPTER 6 The United States in the Global Economy Topic Question numbers __________________________________________________________ 1. International linkeages 1-7 2. Trade: volume, facilitating factors, participants 8-25 3. Specialization and comparative advantage 26-40 4. Foreign exchange market 41-58 5. Trade barriers 59-64 6. Multilateral agreements: free trade zones; implications of the global economy 65-91 Last Word 92-94 True-False 95-110 __________________________________________________________ Multiple Choice Questions International linkeages 1. The physical export of motorcycles from the United States to Mexico best illustrates a(n): A) trade flow. B) resource flow. C) financial flow. D) technology flow. 2. The physical import of digital video disk players (DVDs) to the United States from Japan best illustrates a(n): A) resource flow. B) financial flow. C) trade flow. D) technology flow. 3. The spending by Americans while traveling in Europe best illustrates a(n): A) trade flow. B) labor flow. C) financial flow. D) technology flow. 4. The emigration of software designers from India to the United States best illustrates a(n): A) trade flow. B) resource flow. Page 1 C) financial flow. D) information flow. 5. The purchase by an American firm of the right to produce a prescription drug patented in Germany best illustrates a(n): A) trade flow. B) capital flow. C) goods and services flow. D) technology flow. 6. The business-to-business (B2B) retrieval of prices of foreign resources via the Internet best illustrates a(n): A) trade flow. B) capital and labor flow. C) financial flow. D) information flow. 7. The building of a production plant in China by an American firm best illustrates a(n): A) trade flow. B) resource flow. C) financial flow. D) information flow. Trade: volume, facilitating factors, participants 8. American exports and imports of goods and services each average about what percentage of GDP? A) 4-6 percent B) 25-28 percent C) 12-17 percent D) 30-32 percent 9. Which of the following statements is correct ? A) The United States' exports and imports are smaller absolutely, but larger as a percentage of GDP, than other nations'. B) A number of other nations have exports and imports that are absolutely larger than those of the United States. C) The United States' exports and imports are absolutely larger than any other nation's, but the exports and imports of many other nations are a larger percentage of their GDPs. D) The United States' exports and imports are larger absolutely and as a percentage of GDP than any other nation's. 10. Most of the United States' international trade is with: A) other industrially advanced capitalist countries....
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This note was uploaded on 06/24/2008 for the course ECO 201/202 taught by Professor N/a during the Spring '08 term at VCCS.

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CH6 - CHAPTER 6 The United States in the Global Economy...

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