1:59:46 remaining X Which type(s) of economies interact with other economies? 3 O A) only closed economies 6 O B) only open economies O C) neither closed nor open economies 9 D) closed economies and open economies 12) Listen W International trade 6 O A) raises the standard of living in all trading countries. 9 O B) lowers the standard of living in all trading countries. C) leaves the standard of living unchanged. 12 O D) raises the standard of living for importing countries and lowers it for 15 exporting countries 18 Question 3 (1 point)When Claudia, a U.S. citizen, purchases a handbag made in France, the purchase is O A) both a U.S. and French import. O B) a U.S. export and a French import. O C) a U.S. import and a French export. O D) neither an export nor an import for either country Question 4 (1 point)= Listen A country purchases $3 billion of foreign-produced goods and services and sells $2 billion dollars of domestically produced goods and services to foreign countries. It has A) exports of $3 billion and a trade surplus of $1billion. O B) exports of $3 billion and a trade deficit of $1 billion. 2 O C) exports of $2 billion and a trade surplus of 1 billion. 15 O D) exports of $2 billion and a trade deficit of 1 billion.You buy a new car built in Sweden. Other things the same, your purchase by itself O A) raises both U.S. exports and U.S. net exports O B) raises U.S. exports and lowers U.S. net exports O C) raises both U.S. imports and U.S. net exports. OD) raises U.S. imports and lowers U.S. net exports Question 6 (1 point)If a country had a trade surplus of $100 billion and then its exports rose by $40 W billion and its imports rose by $30 billion, its net exports would now be O A) $110 billion 6 O B) $90 billion 9 O c) $60 billion 12 O D) $50 billion. 15 19 oint )O 1:58:08 remaining X If a country had a trade deficit of $10 billion and then its exports rose by $20 billion and its imports rose by $10 billion, its net exports would now be 3 O A) O billion: 6 ( B) -10 billion. 9 O c) 20 billion. 12 O D) -10 billion.1:5/:54 remai Over the past five decades, the U.S. economy has become 3 O A) more closed. 6 O B) more open 9 O C) less trade-oriented. D) more self-sufficient. 12 Question 9 (1 point)) Listen Net capital outflow equals the difference between a country's 6 O A) income and expenditure. 9 O B) investment and saving. C) buying of foreign goods and services and sales of goods and 12 services abroad. 15 O D) purchases of foreign assets and sales of domestic assets abroad.Listen W Net exports measures the difference between a country's O A) income and expenditures. a ( B) sale of goods and services abroad and purchase of foreign 9 goods and services. 12 C) sale of domestic assets abroad and purchase of foreign assets. O D) All of the above are correct. 151:57:12 remaining X Which of the following is an example of U.S. foreign direct investment? 3 A) A U.S. based mutual fund buys stock in Eastern European companies 6 OB) A U.S. citizen builds and operates a coffee shop in the Netherlands. 9 C) A Swiss bank buys a U.S. government bond. 12 OD) A German tractor factory opens a plant in Waterloo, lowa. 15Listen 3 John, a U.S. citizen, opens up a Sports bar in Tokyo. This is an example of U.S. O A) exports. 6 B) imports. 9 O c) foreign portfolio investment 12 O D) foreign direct investment. 15 Question 13 (1 point)\fQuestion 14 (1 point) Listen 6 Which of the following equations is correct? 8 OAS = It C B) S = 1- NX 11 12 O C) S = 1+ NCO 14 15 O D) S = NX- NCO. 17 18 on 15 (1 point)() Listen If a country has a trade surplus O A) it has positive net exports and positive net capital outflow. O B) it has positive net exports and negative net capital outflow. O C) it has negative net exports and positive net capital outflow. N O D) it has negative net exports and negative net capital outflow. 5 Question 16 (1 point)1:56:05 remaining ) Listen W If a country has a trade deficit O A) it has positive net exports and positive net capital outflow. 6 O B) it has positive net exports and negative net capital outflow. 9 O C) it has negative net exports and positive net capital outflow. 12 O D) it has negative net exports and negative net capital outflow. 15Question 17 (1 point) 3 Listen If the exchange rate is .60 British pounds = $1, a bottle of ale that costs 3 pounds costs 6 O A) $1.8 9 O B) $4 12 O c) $5 15 O D) None of the above is correctQuestion 18 (1 point) 3 ) Listen If the exchange rate were 5 Egyptian pounds per U.S. dollar, a watch that costs $25 US dollars would cost 6 A) 125 Egyptian pounds 9 O B) 100 Egyptian pounds 12 O C) 80 Egyptian pounds 15 O D) None of the aboveListen 2 3 The nominal exchange rate is the 5 6 O A) nominal interest rate in one country divided by the nominal interest rate in the other country. 8 9 O B) rate at which a person can trade the currency of one country for another. 11 12 O C) the ratio of a foreign country's interest rate to the domestic interest rate. 14 15 O D) the real exchange rate minus the inflation rate. 8Question 20 (1 point) W () Listen Other things the same, if the exchange rate changes from 30 Thai bhat per dollar to ON 25 Thai bhat per dollar, then the dollar has O A) appreciated and so buys more Thai goods. 9 B) appreciated and so buys fewer Thai goods. 12 O C) depreciated and so buys fewer Thai goods. 15 O D) depreciated and so buys more Thai goods.24 Question 21 (1 point) ) Listen 27 Over the past three decades, the United States has O A) persistently had a trade deficit. 30 O B) generally had, or been very near to a trade balance. 33 O C) had trade deficits in about as many years as it has trade surpluses. O D) persistently had a trade surplus. ationpoint) Listen 25 26 27 A tax on imported goods is called a(n) 28 29 30 O A ) Tariff. O B) quota 31 32 33 O C) excise tax 34 35 O D) None of the above Quiz Information