chapter 5 quiz

chapter 5 quiz - 1. Offshoring often results from: A)...

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1. Offshoring often results from: A) diminished human capital of American workers. B) overly restrictive trade policies. C) a change in comparative advantage. D) a desire to help out workers in low income economies. Answer the next question(s) on the basis of the following production possibilities tables for countries Alpha and Beta: Refer to the above tables. The domestic opportunity cost of one unit of X in Beta is: A) 2 units of Y. B) 4 units of Y. C) 1 unit of Y. D) 3 units of Y. 3. Which of the following has not been a facilitating factor in world trade? A) dramatic improvements in communications technology B) general declines in tariffs C) import quotas D) improvements in transportation technology 4. The building of a production plant in China by an American firm best illustrates a(n):
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A) trade flow. B) resource flow. C) financial flow. D) information flow. 5. Critics of Trade Adjustment Assistance argue that: A) the small fraction of workers losing jobs to international trade are no more
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This note was uploaded on 02/10/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Bowling Green.

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chapter 5 quiz - 1. Offshoring often results from: A)...

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