S01-Intro - Econ 340 Winter Term 2011 Study Questions Alan...

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Econ 340 Alan Deardorff Winter Term 2011 Introduction Study Questions Page 1 of 5 Study Questions Lecture 1 Introduction and Overview Part 1: Multiple Choice Select the best answer of those given. 1. How many countries are there in the world? a. Fewer than ten b. Between 10 and 75 c. Between 75 and 1000 d. More than 1000 e. The number changes too rapidly to select among these answers. 2. Approximately what percentage of what the United States consumes is produced inside its borders? a. 2% b. 15% c. 50% d. 85% e. 98% 3. The less developed countries of the world trade mostly with a. Developed countries b. Other less developed countries c. Former communist countries d. Nobody. They do not trade e. None of the above
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Econ 340 Alan Deardorff Winter Term 2011 Introduction Study Questions Page 2 of 5 4. Which of the following is not an international capital flow? a. An American depositing money in a bank account in Zurich, Switzerland. b. A German buying a U.S. Treasury bill. c. A Canadian purchase of a Japanese-made automobile. d. A Brazilian firm borrows from an Argentine bank. e. A Korean car company buys a factory in California. 5. Which of the following countries was not one of those hit by the East Asian financial crisis of 1997? a. South Korea b. Indonesia c. Japan d. Thailand e. Malaysia 6. Comparing the extent of globalization today with 50 and 100 years ago, which of the following is not true? a.
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S01-Intro - Econ 340 Winter Term 2011 Study Questions Alan...

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