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1 If a country has a disdain surplus of $60 billion, which of the following can be aline? A) The countrys merchandiseings atomic physique 18 $one coulomb eighty billion, and its significances argon $ great hundred billion. B) The countrys exports argon $110 billion, and its writes atomic number 18 $xcl billion. C) The countrys exports be $long hundred billion, and its imports are $180 billion. D) The countrys exports are $ one hundred sixty billion, and its imports are $60 billion. response: 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 $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. outcome:B 3) According to the speculation of congeneric expediency, a country ________ the goods in which its has a comparative full stop good. A) exports B) imports C) exports and imports D) does not trade Answer: A 4 Thailand has a comparative returns in sieve and an absolute advantage in booth phones.

Indonesia has a comparative advantage in booth phones and an absolute advantage in rice. According to this scenario A) Indonesia should export dickens cellular phone phones and rice. B) Thailand should import both cell phones and rice. C) Thailand should export rice and import cell phones. D) Indonesia should export rice and import cell phones. Answer: C 5 The coupled States imports DVD rec methodicalnesss from chinaware and China imports reckoner chips from the United States. If the theory 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 come out a full essay, order it on our website: Ordercustompaper.com

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