Devry ECO 312 Week 7 Weekly Assignment Latest

Description

Devry ECO 312 Week 7 Weekly Assignment Latest

Question 1.. Question :

(TCO 8) The United States’ most important trading partner quantitatively is

China..

Canada..

Mexico..

Japan..

Question 2.. Question :

(TCO 8) The organization created to oversee the provisions of multilateral trade agreements, resolve disputes under the international trade rules, and meet periodically to consider further trade liberalization is called the

International Monetary Fund (IMF)..

World Trade Organization (WTO)..

Common Market Organization (CMO)..

International Trade Commission (ITC)..

Question 3.. Question :

(TCO 9) The current account in a nation’s balance of payments includes

its goods exports and imports, and its services exports and imports..

foreign purchases of domestic assets..

purchases of foreign assets..

All of these

: Chapter 38

Points Received: 1 of 1

Comments:

Question 4.. Question :

(TCO 9) If the exchange rate between the U..S.. dollar and the Japanese yen is $1 = 200 yen, then the dollar price of the yen is

$..005..

$..05..

$..50..

$5..

: Chapter 38

Points Received: 1 of 1

Comments:

Question 5.. Question :

(TCO 9) In terms of individual nations, the largest U..S.. trade deficit is with

Japan..

Mexico..

China..

Canada..

: Chapter 38

Points Received: 1 of 1

Comments:

Question 6.. Question :

(TCO 9) When the U..S.. dollar decreases in value relative to foreign currencies the:

Demand for U..S.. exports will decrease

Supply of U..S.. exports will decrease

Demand for U..S.. exports will increase

Supply of U..S.. exports will remain constant

: Chapter 38

Points Received: 1 of 1

Comments:

Question 7.. Question :

(TCO 8) The primary gain from international trade is

increased employment in the domestic-export sector..

more goods than would be attainable through domestic production alone..

tariff revenue..

increased employment in the domestic-import sector..

: Chapter 37

Points Received: 1 of 1

Comments:

Question 8.. Question :

(TCO 8) Refer to the graphs below.. Stanville has a comparative advantage in producing

Graph Description

Product A..

Product B..

both Product A and B..

neither Product A nor B..

: Chapter 37

Points Received: 1 of 1

Comments:

Question 9.. Question :

(TCO 9) Which one of the following is not one of the so-called G8 Nations?

Japan

Canada

United States

China

: Chapter 38

Points Received: 1 of 1

Comments:

Question 10.. Question :

(TCO 8) In recent years the United States has

exported more services abroad than it has imported..

had a small goods trade surplus with Japan..

had a large goods trade surplus with the rest of the world..

maintained an overall trade surplus (goods and services combined) with the rest of the world..

: Chapter 37

Points Received: 1 of 1

Comments:

Question 11.. Question :

(TCO 8 and 10) Explain some of problems with the argument that trade protection is needed to protect American jobs..

Question 12.. Question :

(TCO 9) What effect might the depreciation of the U..S.. dollar relative to the Japanese yen have on imports and exports to and from each country?

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Devry ECO 312 Week 7 Weekly Assignment Latest