Multiple Choice Questions 1. The physical export of motorcycles from the United States to Mexico best illustrates a: A. trade flow. B. resource flow. C. financial flow. D. technology flow. 23. The physical import of DVD players to the United States from Japan bestillustrates a: A resource flow. B. financial flow. C. trade flow. D. technology flow. 34. The spending by Americans while traveling in Europe best illustrates : A. trade flow. B. labor flow. C. financial flow. D. technology flow. 35. The emigration of software designers from India to the United States best illustrates an): A trade flow. B. resource flow. C. financial flow. D. information flow. 3 6 The purchase by an American firm of the right to produce a prescription drug patented in Germany best illustrates a: A. trade flow. B. capital flow. C. goods and services flow. D. technology flow. 3 7. The building of a production plant in China by an American firm best illustrates an): A. trade flow. B. resource flow. C. financial flow. D. information flow. 3 8. Trade flows measure the: A. movement of resources between nations. B. exports and imports of goods and services. C. transfer of information from one nation to another. D. transfer of money between nations. 3 9. The United States' most important trading partner in terms of dollar volume is: A Mexico. B. Canada. C. Germany. D. China 40. In terms of absolute volume of imports and exports, the world's leading trading nation is: A. France B Japan. C. the United States. D. South Korea 41. In recent years the United States has: A. exported more goods and services than it has imported. B. imported more goods and services than it has exported. C. realized an approximate balance in its imports and exports. D. experienced a falling absolute dollar amount of imports and a rising absolute dollar amount of exports. 42. Approximately half of the U.S. international trade is with: A the nations of Eastern Europe. B. the developing countries of Africa, Asia, and Latin America. C. other industrialized nations, for example, Canada, Japan, and the countries of the European Union D. China 43. Which of the following countries has recently emerged as one of the world's top trading nations in terms of total trade volume? A. Chile B. India C. Ireland D. China 44 U.S. tariffs on imported goods: A. have steadily increased since the 1970s. B. have declined since the 1940s and are currently around 5 percent. C. are currently around 20 percent. D. are illegal. 45. The world's largest exporter (measured in total dollar volume) is: A. the United States. B. China C Japan D. Germany