International Trade 4th Edition by Feenstra-Test Bank

Test Bank For International Trade 4th Edition by Feenstra

ISBN-10:1319061737 , ISBN-13:978-1319061739

CHAPTER 1

International macroeconomics research:
A) selections of particular person households in different international locations.
B) selections by governments in different international locations.
C) the interrelationship of large-scale financial points throughout international locations.
D) the interrelationship of politics and economics inside a rustic.
International macroeconomics focuses on:
A) remoted nations.
B) economy-wide variables equivalent to rates of interest, revenue, costs, and wealth.
C) city-level financial issues.
D) market-specific variables equivalent to the worth of orange juice.
Key components of the worldwide macroeconomy are:
A) political alliances, capital accumulation, and monopoly energy.
B) many currencies, monetary integration, and financial coverage selections made in
context.

C) competitors, effectivity, and openness.
D) waste and overuse of pure sources, disregard for the setting, and unfair
competitors.

It’s _________ to imagine that every one items are priced in a standard foreign money in worldwide markets.
A) right in each case
B) harmful
C) incorrect in each case
D) unrealistic
Understanding how a nation’s economic system works requires a whole understanding of the:
A) political system.
B) degree of imports and exports.
C) alternate price with different currencies.
D) tax system.
What’s an alternate price?
A) It’s proportion price of curiosity charged by worldwide banks to alternate
foreign money.

B) It’s charges banks cost their finest prospects to alternate foreign money.
C) It’s worth of 1 nation’s foreign money measured in items of one other nation’s foreign money.
D) It’s lending price for worldwide credit score.
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Which of the next can be an alternate price?
A) One automobile trades for 1,000 books.
B) One greenback trades for 2 sweet bars.
C) One greenback trades for 4 quarters.
D) One greenback trades for 3 pesos.
Alternate price habits is:
A) unimportant in figuring out revenue, costs, and flows of products and companies.
B) crucial in figuring out revenue, costs, and flows of products and companies.
C) very predictable, regular, and never of curiosity to coverage makers.
D) not topic to market forces, however is set by worldwide agreements.
Modifications in a nation’s alternate charges have an effect on:
A) costs of equities however not home bonds
B) relative costs of residence and overseas items.
C) costs of nontradable companies.
D) costs of worldwide bonds however not equities.
In contrast with 100 years in the past, the variety of currencies exchanged immediately is:
A) dozens fewer.
B) insignificant.
C) many instances extra.
D) the identical.

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