Which of the following is true about BRIC countries: O a. There is low prospects of growth O b. To attain raw materials you will outsource to Bangladesh O c. There is low investment
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- If trade increases world GDP by 1 per year, what is the global impact of this increase over 10 years? How does this increase compare to the annual GDP of a country like Sri Lanka? Discuss. Hint To answer this question, here are steps you may want to consider. Go to the World Development Indicators (online) published by the World Bank. Find the current level of World GDP in constant international dollars. Also, find the GDP of Sri Lanka in constant international dollars. Once you have these two numbers, compute the amount the additional increase in global incomes due to trade and compare that number to Sri Lankas GDP.Which of the folowing correctly identifies a result of globalization? O A. Investments in American manufacturing have increased O B. Countries have passed more policies that restrict trade in order to decrease interdependence O C. There has been increased movement between goods, services, and information between countries O D. Most nations have passed laws to create planning boards which set the optimum price for goods MP3) hpThe graph below shows the trend of the terms of trade for the U.S. and China. Which would be inferred from the graph? Figure 6.9 Evolution of the Terms of Trade for the United States and China 125 120 115 110 - China 105 100 95 90 - 85 80 United Statoo 15 70 1980 1982 1984 1986 1088 1990 1092 1994 O A) China's growth may have hurt the U.S. terms of trade. 1096 1998 2002 2004 2000 B) China's recent growth may have been export-biased. 2006 2008 2010 2012 2014 O C) U.S. terms of trade have been hugely deteriarated over the past decasde. D) U.S. exports have been competing with China's imporing sectors.
- In the attached diagram, which points represent the production specialization point and the trade solution point respectively in that order for the Foreign country? Candies 2000 1800 1600 1200 100 100 400 300 Teys O a. Point U and point G Ob. Point L and point G O. Point U and point R Od. Point Land point B Oe. Point G and point BThe table below shows the monetary value of the production of gems and steel respectively in the calendar year of 2019 for the nations of Turkey and Zimbabwe. Use It to answer questions regarding a possible trade scenarlo between the two nations. Year- 2019 Gems in billions of USD Steel in billions of USD 0.2 Zimbabwe 10 Turkey Which of the nations has a comparative advantage in the production of steel? O a Zimbabwe O b Nelther TurkeyMany U.S. firms import products or parts from other countries indstead of producing them domestically. In fact, most iPhones are other smartphones are made not in the U.S. but in China. Many politicians, notably Presidents Trump and Biden, and commentators argue that the government should protect domestic jobs in this country by penalizing the practice of importing from other countries. How are Americans affected by this practice? Does this hurt Americans by international trade as they are consumers and ordinary resident in the U.S.?
- Use the chart to answer the following question. Reduce the number of quotas Growth of trade Reduce protective tariffs Increased number of exports Variety of goods and services What is the BEST title for the chart? O A. Arguments for Protectionism B. Benefits of Free Trade O C. Disadvantages of Free Trade O D. Advantages to Trade Barriersee-trade benefits Ttion to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade ng scenario: Thout free trade, Sapphira has market power as a local producer. Once free trade is implemented in the local economy, Sapphira ger able to raise its prices above competitive levels. vious scer represents which of the following benefits of free trade? D An enhanced flow of ideas Increased variety of goods Increased competition Lower costs through economies of scale Grade It Now SavAssume, for Vietnam, that the domestic price of textiles without international trade is lower than the world price of textiles. This suggests that, in the production of textiles, O Vietnam has a comparative advantage over other countries and Vietnam will export textiles. O other countries have a comparative advantage over Vietnam and Vietnam will export textiles. O other countries have a comparative advantage over Vietnam and Vietnam will import textiles. O Vietnam has a comparative advantage over other countries and Vietnam will import textiles. MacBook A esc D00 FA F1 F2 F3 FS % 4 Q W E R T tab I A S D F G s lock
- Which of the following BEST defines maquiladoras? A. Export-assembly plants B. Taxes imposed on products that will be dumped OC. Transfer payments made directly to foreign firms D. Tariffs imposed on products imported into a country O E. Areas within a country that receive imported goods for assembly Since the 1970s, Singapore, Hong Kong, Taiwan, and South Korea have accomplished rapid economic growith by following O A. centralized economic planning B. normal trade relations c. import authorization efforts D. an export-led development model E. the Japanese miracleWHAT HAPPENES TO A COUNTRY WITHOUT SCIENTIST AND RESEARCHERS? WHAT IS THE DISADVANTAGE OF NOT HAVING ENOUGH INDUSTRY IN A COUNTRY? WHAT WILL HAPPEN IF A COUNTRY DOESNT HAVE ENOUGH PRODUCTION BUT MORE EXPORTING THINGS IN OTHER COUNTRIESExplain what world trade means. What is the role ofthe Wto and economic communities in encouragingfree trade? What is the role of the World Bank and theInternational Monetary Fund in global trade? What isprotectionism? Explain import quotas, embargoes, andtariffs