Important Question for an International Trade - 9726 Words

Important questions for an International Trade Topic Question numbers ___________________________________________________________________________________________________ 1. Trade facts 1-9 2. Comparative advantage 10-55 3. Supply and demand analysis of exports and imports 56-79 4. Types of trade barriers 80-87 5. Analysis of tariffs and quotas 88-118 6. Arguments for protectionism 119-125 7. World Trade Organization 126-128 Consider This 129-130 Last Word 131-132 True-False 133-151 ___________________________________________________________________________________________________ Multiple Choice Questions Trade facts Type: F Topic: 1 E: 690 MI: 446 MA: 356 1. United States exports of†¦show more content†¦A) clothing B) wool C) sunflower seeds D) chemicals Answer: D Type: A Topic: 2 E: 691 MI: 447 MA: 357 13. Differences in production efficiencies among nations in producing a particular good result from: A) different endowments of fertile soil. C) different levels of technological knowledge. B) different amounts of skilled labor. D) all of the above. Answer: D Type: A Topic: 2 E: 692 MI: 448 MA: 358 14. Countries engaged in international trade specialize in production based on: A) relative levels of GDP. C) relative exchange rates. B) comparative advantage. D) relative inflation rates. Answer: B Type: A Topic: 2 E: 692 MI: 448 MA: 358 Status: New 15. Examples of exports based on actual or perceived quality superiority, and not simply on cost-advantages, include: A) wheat from the United States and natural gas from Russia. B) bottled water from France and chocolates from Belgium. C) pine furniture from Mexico and textiles from China. D) coffee from Brazil and wool from Australia. Answer: B Use the following to answer questions 16-18: Answer the next question(s) on the basis of the following production possibilities data for Gamma and Sigma. All data are in tons. Gamma production possibilities: Sigma production possibilities: Type: T Topic: 2 E: 693 MI: 449 MA: 359 16. On theShow MoreRelatedEco372International Trade and Finance Speech903 Words   |  4 PagesInternational Trade and Finance Speech ECO/372 June 7, 2012 International trade and finance speech Hello ladies and gentlemen hope you day is going well so fair. My name is Linda, I wanted to come out and speak with about the International trade and finance I will be handing out a booklet that show you what I will talking about if you should have an question write the down and I will try address them allRead MoreTravels of a T-Shirt Book Report Essay1335 Words   |  6 PagesQuestion 1: Write a summary of this book Often, when we think of a t-shirt, not much consideration goes past throwing it on and walking out the door. We discover in The Travels of a T-Shirt in the Global Economy, author Pietra Rivoli conveys the story of a t-shirt she purchased in Florida for just $5.99. 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