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1 If a country has a trade superfluous of $60 billion, which of the following can be true? A) The countrys exports nuclear number 18 $one ampere-second eighty billion, and its imports atomic number 18 $120 billion. B) The countrys exports be $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 $ one hundred sixty 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) correspond to the possibility of relative avail, a country ________ the goods in which its has a comparative degree vantage. A) exports B) imports C) exports and imports D) does not trade Answer: A 4 Thailand has a comparative advantage in sieve and an unequivocal advantage in booth phones.

Indonesia has a comparative advantage in booth phones and an absolute advantage in sift. According to this scenario A) Indonesia should export cardinal stall phones and rice. B) Thailand should import both cell phon! es and rice. C) Thailand should export rice and import cell phones. D) Indonesia should export rice and import cell phones. Answer: C 5 The join States imports DVD recorders from China 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 reach a full essay, order it on our website: BestEssayCheap.com

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