QUIZ3.2 - Question 1 More than half of United States...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 0t More than half of United States international trade is with: Correct Answer: other industrially advanced capitalist countries. Question 2 2 out of 2 points Exchange rates are particularly important because: Selected Answer: they link the price levels of various nations to one another. Correct Answer: they link the price levels of various nations to one another. Question 3 2 out of 2 points All else equal, depreciation of the Mexican peso relative to the U.S. dollar would make a trip by: Selected Answer: an American to Mexico less expensive. Correct Answer: an American to Mexico less expensive. Question 4 2 out of 2 points Import quotas are: Selected Answer: maximum limits on the quantity or total value of specific products imported to a nation. Correct Answer: maximum limits on the quantity or total value of specific products imported to a nation. Question 5 2 out of 2 points The General Agreement on Tariffs and Trade (GATT) is based on the principle of: Selected Answer:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

QUIZ3.2 - Question 1 More than half of United States...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online