1.Autarky is characterized by which of the following?

a.Abundance of trade

b.Multiple trading partners

c.Country is self-sufficient

d.Any of above

e.None of the above

2.Which of the following describes a "bonded warehouse"?

a. A warehouse where imports are duty-free

b. A warehouse where good can remain without a tariff

c. A warehouse funded by bonds

e. Answers a and b

f. Answers a and c

3.Which of the following experienced hyper inflation?

a.Bretton Woods

b.Gold Standard

c.Bimetallism

d.Floating Exchange Rates

e.Inter-War Period

4.Which of the following resulted from the U.S. ending the gold standard ?

a.Bretton Woods

b.Gold Standard

c.Bimetallism

d.Floating Exchange Rates

e.Inter-War Period

5.When exports exceed imports we have a?

a.Trade Deficit

b.Budget Deficit

c.Trade Surplus

d.Answers a or c

e.Answers a or b

6.Which of the following is a purpose of Tariffs?

a.Raise revenues

b.Change behavior

c.Re-distribute wealth

d.Answers a and b

e.Answers b and c