1- Countries are able to produce/consume more goods if they specialize and trade according to

A-Comparative advantage

B-Absolute advantage

C-Their feasible production frontiers

D-Countries are unable to consume more when they specialize

2- Consider trade between the US and China. Employment in sectors where the U.S. has a comparative advantage should _____ and employment in sectors where the U.S. does not have a comparative advantage will likely ______.

A-Increase, increase

B-Increase, decrease

C-Decrease, increase

D-Decrease, decrease

3- According to trade theory, tariff on steel imports to the US should (select all that apply)

A-benefit US steel workers-- steel firms might hire more workers

B-increase the price of steel for consumers

C-harm US companies which use steel as an input to production

D-decrease employment in US companies that use steel as an input to production

4- The United States currently has a trade_____ with China

A-surplus

B-balance

C-deficit

5- Which of the following statements about international migration in the US areincorrect. Select all that apply.

A-In 2015, Mexico, China, and India were top birthplaces for immigrants in the US

B-The immigrant share of the total US population has decreased from 1970 to 2016

C-State-level data from 1990 to 2014 indicates that areas with more undocumented immigrants have less violent crime

D-In Texas in 2015, immigrants committed crimes at higher rates than US born citizens