Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello, I need help with these practice Business & Marketing questions: Question 14 The opportunity cost of one tant in England is Radio England Radio
Hello, I need help with these practice Business & Marketing questions:
Question 14 The opportunity cost of one tant in England is Radio England Radio Ireland 54 27 Tent 20 Tent O two radios O one tent 0 4 tents O one-fourth off a radio Question 15 In most cases, trade barriers are harmful to an economy. O True O FalseQuestion 16 5 pts Congratulations! Your rich great uncle left you some money to buy a new car. If you plan to purchase a foreign car, how might trade barriers impact the price that you have to pay for that car? Edit View Insert Format Tools Table 12pt * Paragraph BIYA LVTY Hip EV EVEYQuestion 11 A [ Select ] restricts the quantity of imports that are permitted into a country. [ Select ] Quota trade deficit Q Licensing requirement If Tariff eir corn production to Mexican consumers, their sale representsQuestion 1 Which country has the comparative advantage in the production of wheat? Wheat MEXICO 10 100 Peanuts O Canada O Neither Mexico or Canada Q Both Mexico and Canada O Mexico Question 2 The countrycountries with comparative advantage in radios | | Select ] [ Select ] Radio England Radio are both England and Ireland are neither England or Ireland 54 is Ireland 27 Tent is EndandQuestion 3 When the US dollar becomes weaker, which of the following is true? it becomes more expensive to travel abroad 0 it becomes more expensive for the French to buy American goods O it becomes cheaper for Americans to buy German cars O all countries trading with the US will experience higher prices on American goods Question 4 If the U.S. dollar-euro exchange rate was $1.25 par ouro in June, but changed to $1.30 par ouro in July, which of the following is true? O) Both the dollar and the guro appreciated O The dollar depreciated and the ouro appreciated in value Q The dollar appreciated and the euro depreciated in value O Both the dollar and the guro depreciatedQuestion 5 According to these graphs, which of the following is true? Radio England Radio Ireland 20 54 27 Tent 20 Tent England has the comparative advantage in radios Q England has the comparative advantage in tents () both countries have the comparative advantage in tents O Neither country has the comparative advantage in tents Question 6 The country of Alphaville has a trade deficit of $80 million. To decrease this deficit, Alphaville must either increase exports or | | Select | [ Select ] increase exports by the business sector Question 7 decrease imports Radio England Radio Ireland decrease net exports increase imports by the governmentQuestion 7 Radio England Radio Ireland According to those graphs, which of these is true? 54 27 Tent Tent Q) Neither England nor Ireland has an absolute advantage in tents 3 Ireland has an absolute advantage in tents 3 England has an absolute advantage in radios O England has an absolute advantage in tents Question 8 is when both parties are willing and agroa to exchange a product for an agreed upon value. 0 voluntary exchange " involuntary exchange O benefits of trade " costs of tradeQuestion 9 Frost and drought in Brazil, bad weather in Colombia, as well as COVID-19-related lockdowns in Vietnam are constraining collon supply chains. Analysts expect demand for called to have changed, and they prefer to consume loss callcina. What can be predicted about the coffee market? Q Coffee prices are uncertain, but consumption will definitely decrease. O Coffee prices will decrease, but coffee consumption is uncertain. Q Coffee prices will definitely increase, but that is all we can know for certain. Q Coffee prices will increase, and coffee consumption will definitely decrease. Question 10 When a country exports more than it imports, the difference is called a | | Select | [ Select ] trade surplus Question 11 import [ Select | restricts the quantity of imports that trade deficit exportQuestion 12 2 pts If American farmers sell part of their corn production to Mexican consumers, their sale represents Q an import for the United States and an export for Mexico Q a trade deficit for the United States and a trade surplus for Mexico Q a trade surplus for the United States and a trade deficit for Mexico Q an export for the United States and an import for Mexico. Question 13 2 pts Record high natural gas prices have prompted fortilizer producers to shut down, including shutting down carbon dioxide production, a necessary input for animal slaughter and bubbly beverages. Consumers in the UK have bean warned that slaughterhouses have only 2 weeks worth of CO2 lott. Which of the following can be known about the meat market in the UK for the next wook if conditions hold? 0 Meat prices will rise. O Meat prices will fall. Q The quantity of meat available will rise. 0 The quantity of meat available will fallStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started