Chapter5_Quiz3 - Selected Answer: Correct Answer: Question...

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Questi on 1 0 out of 0 points Over the last three decades, the dollar volume of U.S. exports and imports: Selected Answer: Correct Answer:
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Question 2 0 out of 0 points Two countries, East and West, both produce food and clothing. West can produce both food and clothing using fewer resources than can East. According to the principle of comparative advantage: Selected Answer: Correct Answer: Question 3 0 out of 0 points Two nations, Gamma and Delta, both produce shoes and dresses. Gamma has a comparative advantage in the production of shoes if: Selected Answer: Correct Answer: Question 4 0 out of 0 points For a nation to gain from trade, it must have: Selected Answer: Correct Answer:
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Question 5 0 out of 0 points A decrease in the U.S. demand for Mexican goods will:
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Unformatted text preview: Selected Answer: Correct Answer: Question 6 0 out of 0 points If the dollar appreciates relative to the South Korean won, then: Selected Answer: Correct Answer: Question 7 0 out of 0 points At an exchange rate of $1 = 5 francs, a bottle of French perfume costs a U.S. tourist in Paris $20. If the exchange rate becomes $1 = 4 francs, this same bottle will cost: Selected Answer: Correct Answer: Question 8 0 out of 0 points The GATT negotiations that created the WTO were known as the: Question 8 0 out of 0 points Selected Answer: Correct Answer: Question 9 0 out of 0 points A tariff: Selected Answer: Correct Answer: Question 10 0 out of 0 points One major outcome of the North American Free Trade Agreement is: Selected Answer: Correct Answer:...
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This note was uploaded on 10/01/2008 for the course ECO 103 taught by Professor None during the Fall '08 term at Community College of Allegheny County.

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Chapter5_Quiz3 - Selected Answer: Correct Answer: Question...

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