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Newest International Trade Questions

1. Which one of the following ways can countries improve their gross national income (GNI)?(1 point)Responses foreign investment
   1. 1 answer
   2. asked by What is most necessary for a coherent text to do?(
   3. 31 views
2. One way European Union encourages trade among countries through the use ofTariffs Common currency Export limits Military
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   2. 35 views
3. A country has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did
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   2. asked by unknown 2.0
   3. 33 views
4. Which of the following is a cost associated with free trade?A. It will increase the availability of diverse products. B. It will
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   2. asked by The boundaries of the former Soviet Union changed
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5. If the domestic price in country A is higher than the world price before trade, who is hurt when the country opens up to
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   2. 15 views
6. Why is a system of currency exchange necessary for international trade?A-Nearly all world currencies are worthless on the world
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   2. asked by Ashh
   3. 13 views
7. Analyze the impact of NAFTA on Mexican corn farmers. Why did so many Mexican corn farmers lose their livelihoods as a
   1. 1 answer
   2. 12 views
8. What role does the WTO play in national economies?(1 point)Responses The WTO was established to lessen the number of decisions
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   2. 12 views
9. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison. (1 point)Mexico
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   2. asked by follow my ig bigmeltoogrimy13
   3. 9 views
10. Why is a system for exchanging currencies necessary for international trade?(1 point)Responses To control the global money
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    2. 18 views
11. An international organization that settles trade disagreements and enforces free-trade agreements is thea. WTO b. United Nations
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12. What role does the WTO play in national economies?(1 point) ResponsesThe WTO was established to provide nations with more
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    2. 15 views
13. What role does the WTO play in national economies?(1 point) Responses The WTO was established to provide nations with more
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    2. 16 views
14. Explain the role of the WTO in the modern economy.(1 point)Responses The exclusive role of the WTO is to regulate the trade of
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15. Analyze the relationship between the EU and the global economy.(1 point)Responses The EU is an example of an international
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    2. 13 views
16. Which is the most important factor for the United Arab Emirates’ status as the world’s fifth leading exporter of crude
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17. Use the information in the table to answer the question.How competitive would you say these three countries are for the same
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    2. 23 views
18. 14 of 1414 of 14 ItemsQuestion 1 Why is a system for exchanging currencies necessary for international trade?(1 point) Responses
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    2. asked by GOAT
    3. 19 views
19. Why is a system for exchanging currencies necessary for international trade?(1 point)Responses To control the global money
    1. 1 answer
    2. asked by nope
    3. 27 views
20. Which one of the following ways can countries improve their gross national income (GNI)?(1 point)Responses block international
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    2. 29 views
21. Why is a system for exchanging currencies necessary for international trade?(1 point)Responses To control the global money
    1. 1 answer
    2. asked by lamo
    3. 25 views
22. Drag and drop the economic traits to the correct country.(4 points)Put responses in the correct input to answer the question.
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    2. asked by ψ(｀∇´)ψ
    3. 16 views
23. Explain the role of the WTO in the modern economy.(1 point)The primary role of the WTO is to regulate the trade of goods and
    1. 3 answers
    2. 22 views
24. What impact did the creation of the ECSC have on the economies of the individual nations involved?(1 point)The ECSC opened the
    1. 3 answers
    2. 14 views
25. What is one reason that free-trade agreements are beneficial for Central American countries?(1 point) Responses They create more
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    2. asked by hihi
    3. 26 views
26. An export subsidy should have the opposite effect ofa. capital flight. b. a government budget deficit. c. a tariff. d. an
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    2. asked by unknown 2.0
    3. 23 views
27. Which of the following groups would not benefit from a U.S. import quota on Japanese autos?a. stockholders of Ford Motor Company
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    2. asked by unknown 2.0
    3. 17 views
28. Other things unchanging, a higher U.S. real interest ratea. increases U.S. net capital outflow because U.S. residents and
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    2. asked by unknown 2.0
    3. 18 views
29. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison. (1 point)Mexico
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    2. 23 views
30. A country that wishes to enhance international trade activities would most likely usea. a tariff b. a common market c. an
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    2. 24 views
31. What distinguishes comparative advantage from absolute advantage in production?(1 point)Responses A country has comparative
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    2. asked by logan howlett
    3. 26 views
32. How were the economies of Saudi Arabia and all right be affected if people in other countries stop using as much oil as they do
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    2. asked by Consider the advertisement offering a promotion of
    3. 29 views
33. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison.(1 point)Responses
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    2. 25 views
34. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison.(1
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    2. 31 views
35. 9 of 99 of 9 ItemsQuestion 1 The Importance of Currency Exchange in International Trade **Facilitating Trade**: Currency
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    2. asked by GOAT
    3. 32 views
36. The owner mentioned she has the base of the shoes made in another country and wants to have the tops made in other counties as
    1. 1 answer
    2. 32 views
37. If the domestic price in country A is higher than the world price before trade, how does introducing international trade affect
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    2. 36 views
38. If the domestic price in country A is higher than the world price before trade, who is hurt when the country opens up to
    1. 1 answer
    2. 37 views
39. The Importance of Currency Exchange in International Trade**Facilitating Trade**: Currency exchange makes international trade
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    2. asked by . *+. WHY U GOTTA BE ANONYMOUS I WANNA KNOW .+* .
    3. 26 views
40. During some year a country had exports of $50 billion, imports of $70 billion, and domestic investment of $100 billion. What was
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    2. asked by unknown 2.0
    3. 38 views
41. Suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. What
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    2. asked by unknown 2.0
    3. 36 views
42. Why is a system of currency exchange necessary for international trade?a. Most goods bought on the international market must be
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    2. asked by Dior
    3. 29 views
43. Explain how trade balances affect floating exchange rate?
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    2. 30 views
44. Multiple Choice QuestionSouth Africa's role in the international gold market is relatively stable due to which of the following?
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    2. 13 views
45. Which of the following would directly increase U.S. net capital outflow?a. Toyota buys stock in AT&T. b. General Electric sells
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    2. asked by unknown 2.0
    3. 26 views
46. Suppose the money supply in Mexico grows more quickly than the money supply in the United States. We would expect thata. the
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    2. asked by unknown 2.0
    3. 26 views
47. Suppose a U.S. resident buys a Jaguar automobile from Great Britain and the British exporter uses the receipts to buy stock in
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    2. asked by unknown 2.0
    3. 28 views
48. If Japan exports more than it imports,a. Japan's net exports are negative. b. Japan is running a trade deficit. c. Japan's net
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    2. asked by unknown 2.0
    3. 25 views
49. Which of the following statements is true about a country with a trade deficit?a. Net capital outflow must be positive. b. Net
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    2. asked by unknown 2.0
    3. 18 views
50. Exports are goods that are consumed locally but produced in another country.True or False
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    2. asked by unknown 2.0
    3. 19 views
51. Tariffs and import quotas differ in thatone is a form of trade restriction, while the other is not. one is a tax, while the
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    2. asked by pule
    3. 73 views
52. Measures used to protect domestic firms against foreign competition and to control volume of imports include:subsidies, import
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    2. asked by pule
    3. 15 views
53. Analyze the impact of NAFTA on Mexican corn farmers. Why did so many Mexican corn farmers lose their livelihoods as a
    1. 1 answer
    2. 8 views
54. Which of the following is the reason international world trade has become easier according to the segment?Responses Increased
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    2. 18 views
55. An increase in exports contributes to a higher GDP.(1 point)Responses True True False
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    2. 24 views
56. 1) What is the importance of international trade agreements?
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57. Which statement correctly compares how American and African economies were impacted by trade with Europeans?(1 point)Responses
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    2. 17 views
58. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison.
    1. 1 answer
    2. 10 views
59. QuestionHow were European economies impacted by trade with Asia?(1 point) Responses They were motivated to form permanent
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    2. 13 views
60. Emphasizing which economic practice most helps African economies benefit from international trade?A. specialization B.
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    2. 15 views
61. Emphasizing which economic practice most helps African economies benefit from international trade?A. specialization B.
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    2. 12 views
62. Countries that rely on trading a primary commodity is best described, as which of the following one consumer country. Two
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    2. 19 views
63. Dimitri’s family has lived in Costa Rica for generations and has learned that a country can have a competitive edge when
    1. 1 answer
    2. 14 views
64. Why do countries often try to make sure they export more than they import? (1 point)Responses to generate enough income from
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    2. 25 views
65. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison.(1 point)Responses
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    2. 13 views
66. Global Trade Quick Check
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67. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison.(1 point)Responses
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    2. 21 views
68. How were Asian economies impacted by trade across the Indian Ocean?(1 point)Responses They were able to expand their economies
    1. 11 answers
    2. asked by jimmy
    3. 19 views
69. How were Asian economies impacted by trade across the Indian Ocean?(1 point)Responses They accumulated wealth from trading with
    1. 1 answer
    2. asked by Hana blanie
    3. 13 views
70. Trade of goods between countries is an important international issue. One nation may decide to place a tariffs or tax on corn
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    2. 17 views
71. Trade of goods between countries is an important international issue. One nation may decide to place tariffs or tax on corn
    1. 1 answer
    2. 11 views
72. Important of foreign trade to botswana
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    2. asked by Queen
    3. 19 views
73. What causes a country to specialize in certain products?the interests of the citizens the money it can earn from producing
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    2. 13 views
74. Most nations are less developed countries (LDCs). Supporters of multinational corporations (MNCs) might argue all of the
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    2. 14 views
75. Which of the following is an example of a trade war?Consumers in two countries refuse to buy the goods of the other country. Two
    1. 1 answer
    2. 18 views
76. Where does the United States stand as a participant in international trade?It is the largest exporter but not the largest
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    2. 21 views
77. The United States is _____.not the leading importer or exporter in the world the leading importer, but not the leading exporter
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    2. 15 views
78. What does a country have if it imports more than it exports?trade surplus balance of trade trade deficit export quota
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    2. 13 views
79. In the 1970s, Japan developed new technologies and achieved high productivity that resulted in _____.Japan sustaining a
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    2. 12 views
80. When a nation exports more than it imports, economists say it has _____.a balance of payments a trade deficit a trade surplus
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    2. 15 views
81. When a nation imports more than it exports, economists say it has which of the following?a trade deficit a national difference a
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    2. 18 views
82. Suppose that there is a balance of trade in both the United States and Canada. Then, the U.S. dollar appreciates against the
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    2. 16 views
83. Where does the United States stand as a participant in international trade?It is the second largest importer and exporter. It is
    1. 1 answer
    2. 20 views
84. Goods and services manufactured in one country and sold in another are best referred to as _____ in the country of manufacture.(
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    2. 31 views
85. What term best describes the exchange of goods and services between two or more countries?(1 point) Responses international
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    2. 27 views
86. A company in China wants to import its products into the United State to sell. There is a tax that is charged by the United
    1. 1 answer
    2. asked by pakyo
    3. 24 views
87. How were Asian economies impacted by trade across the Indian Ocean?(1 point)Responses They accumulated wealth from trading with
    1. 1 answer
    2. asked by hudson
    3. 24 views
88. How were Asian economies impacted by trade across the Indian Ocean?(1 point)Responses They accumulated wealth from trading with
    1. 1 answer
    2. 19 views
89. Compare trading between the United States and Mexico by choosing the statement that makes the best comparison.(1 point)Responses
    1. 1 answer
    2. asked by need help 100%
    3. 21 views
90. Countries that rely on trading a primary commodity are best described as which of the following?(1 point)Responses exporter
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    2. 27 views
91. Define terms of trade in economics?
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92. Which choice best describes an interdependent country?(1 point)Responses A country with goods or services desired by many other
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    2. 22 views
93. What country holds the comparative advantage over the United States when it comes to creating labor-intensive products such as
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    2. 26 views
94. According to the World Bank, at the end of 2016 which nations were considered the top importing nations?%0D%0A%0D%0A(1
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    2. 27 views
95. Countries that rely on trading a primary commodity are best described as which of the following?(1 point)Responses isolated
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    2. 29 views
96. How were Asian economies impacted by trade across the Indian Ocean? (1 point) They accumulated wealth from trading with the
    1. 1 answer
    2. 30 views
97. Which of the following concepts provides the basic rationale for international trade?increasing opportunity costs. comparative
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    2. asked by pule
    3. 22 views
98. Absolute advantage is determined by:Relative differences in labour productivity Actual differences in labour productivity The
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    2. asked by pule
    3. 16 views
99. When South African exchange rate rises, foreign goods become ____________________ and South African imports ___________________.
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    2. 17 views
100. As a result of a decrease in the value of the Rand in relation to other currencies, South African imports decrease and exports
     1. 1 answer
     2. asked by pule
     3. 25 views