Which of the following is not a use of the concept of terms of trade? Select one: a) Current price trends may be analyzed b) The causes for price changes may be analyzed c) Changes in price may be forecasted d) Gains from trade may be analyzed e) Domestic inflation may be estimated
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Which of the following is not a use of the concept of terms of trade?
Select one:
a) Current
b) The causes for price changes may be analyzed
c) Changes in price may be
d)
e) Domestic inflation may be estimated
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- Which of the following is not a use of the concept of terms of trade? Select one: a. Gains from trade may be analyzed b. Domestic inflation may be estimated c. The causes for price changes may be analyzed d. Current price trends may be analyzed e. Changes in prices may be forecastedWhich of the following is true of foreign trade zones? These are areas that are physically outside U.S. soil but are considered to be inside U.S. commerce. Goods entering foreign trade zones are subject to duty until they leave the zones. Federal government has made it mandatory for U.S. companies to set up manufacturing plants within the foreign trade zones. Companies that have set up manufacturing plants within the foreign trade zones are free from paying duty on defective materials.The failure of the Doha round of negotiation after many years has led to an increase in regional trade agreements. Using trade theory, discuss the effect of regional trade agreements in Africa and their potential in improving economic outcomes (employment, prices, etc.).
- Which of the following most accurately describes the Spanish foreign trading policies? OPTIONS: (i) Spain negotiated strict trading treaties with other European powers. (ii) Spain taxed nations trading with her colonies. (iii) Spain prohibited foreign competitors. (iv) Spain allowed foreign competitors on her islands.The gravity model of trade describes an exact physical relationship between trade, distance and size of trading partners. True FalseNo Plagiarism Please! • Distinguish between absolute advantage and comparative advantage. • Analyze the role of comparative advantages in the production of goods and services. • Define trade barriers such as tariffs, quotas, embargoes, standards, and subsidies. • Explain the causes, benefits, and consequences of trade barriers on consumers and producers. • Analyze multinational entities in economic and social terms. • Explain how changes in exchange rates can have an impact on the purchasing power of groups in the United States and in other countries. • Identify tools used to measure levels of development and describe the characteristic of developed nations and less developed countries. • Understand the role investment plays in development and identify the purpose of foreign aid. • Explain how current globalization trends and policies affect labor markets, resources, and income distribution in different nations. • Evaluate the arguments for and against free trade.
- Which of the following is NOT true about intra-industry trading? Group of answer choices In intra-industry trading, firms can often control the entire value chain for their product With intra-industry trading, countries can specialize in unique processes and skills Intra-industry trading can keep costs low collectively, while giving consumers lots of options to choose from With intra-industry trading, comparative advantage is not fixed as taking advantage of economies of scale plays a larger role in productivity than geography or education levels10. major features of the linder theory of trade are that it focuses on _______ patterns in countries and also introduces, in contrast to traditional trade theories, the general concept of _______ trade a. demand; intra-industry b. demand; inter industry c. supply; intra industry d. supply; inter industryDiscuss the applicability of the Stolper-Samuelson theorem for predicting terms of trade in two countries.
- NAFTA is a trade agreement that was negotiated by the leaders of three countries. Which of the following countries was not part of this agreement? the United States Cuba Mexico CanadaThe World Trade Organization A. was established to settle trade disputes within the European Union. B. increases world trade by providing interest rate subsidies to foreign borrowers who buy U.S. exports on credit. C. is another name for the IMF. D. was established to resolve disputes arising under world trade rules.Domestic producers of microprocessors send a lobbyist to the U.S. government to request that the government impose trade restrictions on imports of microprocessors. The lobbyist claims that the U.S. microprocessor industry is new and cannot currently compete with foreign firms. However, if trade restrictions were temporarily imposed on microprocessors, the domestic microprocessor industry could mature and adjust and would eventually be able to compete in the world market. Which of the following justifications is the lobbyist using to support their argument in favor of the trade restriction on microprocessors? National-security argument Infant-industry argument Unfair-competition argument Jobs argument Using-protection-as-a-bargaining-chip argument