Macroeconomics CH15 International Sector Quiz

Macroeconomics CH15 International Sector Quiz - Chapter 15...

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1An increase in a country's exchange rate will A) increase its net exports. B) reduce its net exports. C) reduce its imports and increase its exports. D) leave its net exports unchanged. Points Earned: 10.0/10.0 Correct Answer(s): B 2. Assume that Brazil gives up 3 automobiles for each ton of coffee it produces, while Peru gives up 7 automobiles for each ton of coffee it produces. A) Brazil has a comparative advantage in automobile production and should specialize in coffee. B) Brazil has a comparative advantage in coffee production and should specialize in the production of automobiles. C) Brazil has a comparative advantage in coffee production and should specialize in coffee production. D) Brazil has a comparative advantage in automobile production and should specialize in automobile production. Points Earned: 10.0/10.0 Correct Answer(s): C 3. Prosperity in the United States will A) increase imports of the United States. B) eventually lead to prosperity in foreign countries too.
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This note was uploaded on 03/07/2012 for the course ECON 2301 taught by Professor Staff during the Spring '08 term at HCCS.

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Macroeconomics CH15 International Sector Quiz - Chapter 15...

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