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1 If a country has a trade overindulgence of $60 billion, which of the following can be true? A) The countrys exports nuclear number 18 $one c eighty billion, and its imports ar $120 billion. B) The countrys exports are $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 $ one hundred fifty billion, and its imports are $100 billion. B) The countrys exports are $110 billion, and its imports are $clx 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) jibe to the scheme of relative return, a country ________ the goods in which its has a comparative degree advantage. A) exports B) imports C) exports and imports D) does not trade Answer: A 4 Thailand has a comparative advantage in sieve and an haughty advantage in booth phones.

Indonesia has a comparative advantage in booth phones and an absolute advantage in sieve. According to this scenario A) Indonesia should export two cellphone phones and rice. B) Thailand should import both cell phones a nd rice. C) Thailand should ex! port rice and import cell phones. D) Indonesia should export rice and import cell phones. Answer: C 5 The unite States imports DVD recorders from China and China imports reckoner chips from the United States. If the hypothesis 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 turn a full essay, order it on our website: BestEssayCheap.com

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