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1 If a country has a trade prodigality of $60 billion, which of the following can be true? A) The countrys exports nuclear number 18 $one ascorbic acid eighty billion, and its imports atomic number 18 $120 billion. B) The countrys exports ar $110 billion, and its imports are $xcl billion. C) The countrys exports are $120 billion, and its imports are $180 billion. D) The countrys exports are $ one hundred sixty billion, and its imports are $60 billion. reply: A 2 If a country has a trade deficit of $50 billion, which of the following can be true? A) The countrys exports are $cl billion, and its imports are $100 billion. B) The countrys exports are $110 billion, and its imports are $ one hundred sixty billion. C) The countrys exports are $100 billion, and its imports are $50 billion. D) The countrys exports are $cl billion, and its imports are $60 billion . Answer:B 3) concord to the surmise of relative prefer, a country ________ the goods in which its has a proportional degree receipts. A) exports B) imports C) exports and imports D) does not trade Answer: A 4 Thailand has a comparative advantage in sieve and an domineering advantage in booth phones.

Indonesia has a comparative advantage in booth phones and an absolute advantage in sift. According to this scenario A) Indonesia should export deuce electric cell phones and rice. B) Thailand should import both cell phones and rice. C) Thailand s! hould export rice and import cell phones. D) Indonesia should export rice and import cell phones. Answer: C 5 The join States imports DVD recorders from China and China imports reckoner chips from the United States. If the possible action of comparative advantage guides trade surrounded by the two countries, it must be true that A) the United States has comparative advantage in producing computer chips. B) the opportunity cost of producing computer...If you need to withdraw a full essay, order it on our website: BestEssayCheap.com

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