Test Bank for International Economics 13th Edition By Robert Carbaugh
Test Bank for International
Economics 13 Edition By
th
Robert Carbaugh
(All Chapters 1-17, 100%
Original Verified, A+ Grade)
This is The Only Original
and Complete Test Bank
for 13th Edition, All Other
Files in The Market are
Fake/Old/Wrong Edition.
Test Bank for International Economics 13th Edition By Robert Carbaugh
,Test Bank for International Economics 13th Edition By Robert Carbaugh
Table of Contents
CHAPTER 1 The International Economy and Globalization
PART 1 International Trade Relations
CHAPTER 2 Foundations of Modern Trade Theory: Comparative Advantage
CHAPTER 3 Sources of Comparative Advantage
CHAPTER 4 Tariffs
CHAPTER 5 Nontariff Trade Barriers
CHAPTER 6 Trade Regulations and Industrial Policies
CHAPTER 7 Trade Policies for the Developing Nations
CHAPTER 8 Regional Trading Arrangements
CHAPTER 9 International Factor Movements and Multinational Enterprises
PART 2 International Monetary Relations
CHAPTER 10 The Balance of Payments
CHAPTER 11 Foreign Exchange
CHAPTER 12 Exchange-Rate Determination
CHAPTER 13 Mechanisms of International Adjustment
CHAPTER 14 Exchange-Rate Adjustments and the Balance of Payments
CHAPTER 15 Exchange-Rate Systems and Currency Crises
CHAPTER 16 Macroeconomic Policy in an Open Economy
CHAPTER 17 International Banking: Reserves, Debt, and Risk
Test Bank for International Economics 13th Edition By Robert Carbaugh
iii
,Test Bank for International Economics 13e Robert Carbaugh
Test Bank for International Economics 13th Edition By Robert Carbaugh
CHAPTER 1—THE INTERNATIONAL ECONOMY AND GLOBALIZATION
MULTIPLE CHOICE
1. A primary reason why nations conduct international trade is because:
a. Some nations prefer to produce one thing while others produce other things
b. Resources are not equally distributed among all trading nations
c. Trade enhances opportunities to accumulate profits
d. Interest rates are not identical in all trading nations
ANS: B PTS: 1
2. A main advantage of specialization results from:
a. Economies of large-scale production
b. The specializing country behaving as a monopoly
c. Smaller production runs resulting in lower unit costs
d. High wages paid to foreign workers
ANS: A PTS: 1
3. International trade in goods and services is sometimes used as a substitute for all of the following
except:
a. International movements of capital
b. International movements of labor
c. Domestic production of the same goods and services
d. Domestic production of different goods and services
ANS: D PTS: 1
4. If a nation has an open economy, it means that the nation:
a. Allows private ownership of capital
b. Has flexible exchange rates
c. Has fixed exchange rates
d. Conducts trade with other countries
ANS: D PTS: 1
5. International trade forces domestic firms to become more competitive in terms of:
a. The introduction of new products
b. Product design and quality
c. Product price
d. All of the above
ANS: D PTS: 1
6. The movement to free international trade is most likely to generate short-term unemployment in which
industries?
a. Industries in which there are neither imports nor exports
b. Import-competing industries
c. Industries that sell to domestic and foreign buyers
d. Industries that sell to only foreign buyers
ANS: B PTS: 1
Test Bank for International Economics 13th Edition By Robert Carbaugh
, Test Bank for International Economics 13th Edition By Robert Carbaugh
7. International trade is based on the idea that:
a. Exports should exceed imports
b. Imports should exceed exports
c. Resources are more mobile internationally than are goods
d. Resources are less mobile internationally than are goods
ANS: D PTS: 1
8. Arguments for free trade are sometimes disregarded by politicians because:
a. Maximizing domestic efficiency is not considered important
b. Maximizing consumer welfare may not be a chief priority
c. There exist sound economic reasons for keeping one's economy isolated from other
economies
d. Economists tend to favor highly protected domestic markets
ANS: B PTS: 1
9. How much physical output a worker producers in an hour's work depends on:
a. The worker's motivation and skill
b. The technology, plant, and equipment in use
c. How easy the product is to manufacture
d. All of the above
ANS: D PTS: 1
10. The largest amount of trade with the United States in recent years has been conducted by:
a. Canada
b. Germany
c. Chile
d. United Kingdom
ANS: A PTS: 1
11. Increased foreign competition tends to:
a. Intensify inflationary pressures at home
b. Induce falling output per worker-hour for domestic workers
c. Place constraints on the wages of domestic workers
d. Increase profits of domestic import-competing industries
ANS: C PTS: 1
12. ____ is the ability of a firm/industry, under free and fair market conditions, to design, produce, and
market goods and services that are better and/or cheaper than those of other firms/industries.
a. Competitiveness
b. Protectionism
c. Comparative advantage
d. Absolute advantage
ANS: A PTS: 1
13. A firm's ____, relative to that of other firms, is generally regarded as the most important determinant
of competitiveness.
a. Income level
b. Tastes and preferences
c. Governmental regulation
d. Productivity
Test Bank for International Economics 13th Edition By Robert Carbaugh
Test Bank for International
Economics 13 Edition By
th
Robert Carbaugh
(All Chapters 1-17, 100%
Original Verified, A+ Grade)
This is The Only Original
and Complete Test Bank
for 13th Edition, All Other
Files in The Market are
Fake/Old/Wrong Edition.
Test Bank for International Economics 13th Edition By Robert Carbaugh
,Test Bank for International Economics 13th Edition By Robert Carbaugh
Table of Contents
CHAPTER 1 The International Economy and Globalization
PART 1 International Trade Relations
CHAPTER 2 Foundations of Modern Trade Theory: Comparative Advantage
CHAPTER 3 Sources of Comparative Advantage
CHAPTER 4 Tariffs
CHAPTER 5 Nontariff Trade Barriers
CHAPTER 6 Trade Regulations and Industrial Policies
CHAPTER 7 Trade Policies for the Developing Nations
CHAPTER 8 Regional Trading Arrangements
CHAPTER 9 International Factor Movements and Multinational Enterprises
PART 2 International Monetary Relations
CHAPTER 10 The Balance of Payments
CHAPTER 11 Foreign Exchange
CHAPTER 12 Exchange-Rate Determination
CHAPTER 13 Mechanisms of International Adjustment
CHAPTER 14 Exchange-Rate Adjustments and the Balance of Payments
CHAPTER 15 Exchange-Rate Systems and Currency Crises
CHAPTER 16 Macroeconomic Policy in an Open Economy
CHAPTER 17 International Banking: Reserves, Debt, and Risk
Test Bank for International Economics 13th Edition By Robert Carbaugh
iii
,Test Bank for International Economics 13e Robert Carbaugh
Test Bank for International Economics 13th Edition By Robert Carbaugh
CHAPTER 1—THE INTERNATIONAL ECONOMY AND GLOBALIZATION
MULTIPLE CHOICE
1. A primary reason why nations conduct international trade is because:
a. Some nations prefer to produce one thing while others produce other things
b. Resources are not equally distributed among all trading nations
c. Trade enhances opportunities to accumulate profits
d. Interest rates are not identical in all trading nations
ANS: B PTS: 1
2. A main advantage of specialization results from:
a. Economies of large-scale production
b. The specializing country behaving as a monopoly
c. Smaller production runs resulting in lower unit costs
d. High wages paid to foreign workers
ANS: A PTS: 1
3. International trade in goods and services is sometimes used as a substitute for all of the following
except:
a. International movements of capital
b. International movements of labor
c. Domestic production of the same goods and services
d. Domestic production of different goods and services
ANS: D PTS: 1
4. If a nation has an open economy, it means that the nation:
a. Allows private ownership of capital
b. Has flexible exchange rates
c. Has fixed exchange rates
d. Conducts trade with other countries
ANS: D PTS: 1
5. International trade forces domestic firms to become more competitive in terms of:
a. The introduction of new products
b. Product design and quality
c. Product price
d. All of the above
ANS: D PTS: 1
6. The movement to free international trade is most likely to generate short-term unemployment in which
industries?
a. Industries in which there are neither imports nor exports
b. Import-competing industries
c. Industries that sell to domestic and foreign buyers
d. Industries that sell to only foreign buyers
ANS: B PTS: 1
Test Bank for International Economics 13th Edition By Robert Carbaugh
, Test Bank for International Economics 13th Edition By Robert Carbaugh
7. International trade is based on the idea that:
a. Exports should exceed imports
b. Imports should exceed exports
c. Resources are more mobile internationally than are goods
d. Resources are less mobile internationally than are goods
ANS: D PTS: 1
8. Arguments for free trade are sometimes disregarded by politicians because:
a. Maximizing domestic efficiency is not considered important
b. Maximizing consumer welfare may not be a chief priority
c. There exist sound economic reasons for keeping one's economy isolated from other
economies
d. Economists tend to favor highly protected domestic markets
ANS: B PTS: 1
9. How much physical output a worker producers in an hour's work depends on:
a. The worker's motivation and skill
b. The technology, plant, and equipment in use
c. How easy the product is to manufacture
d. All of the above
ANS: D PTS: 1
10. The largest amount of trade with the United States in recent years has been conducted by:
a. Canada
b. Germany
c. Chile
d. United Kingdom
ANS: A PTS: 1
11. Increased foreign competition tends to:
a. Intensify inflationary pressures at home
b. Induce falling output per worker-hour for domestic workers
c. Place constraints on the wages of domestic workers
d. Increase profits of domestic import-competing industries
ANS: C PTS: 1
12. ____ is the ability of a firm/industry, under free and fair market conditions, to design, produce, and
market goods and services that are better and/or cheaper than those of other firms/industries.
a. Competitiveness
b. Protectionism
c. Comparative advantage
d. Absolute advantage
ANS: A PTS: 1
13. A firm's ____, relative to that of other firms, is generally regarded as the most important determinant
of competitiveness.
a. Income level
b. Tastes and preferences
c. Governmental regulation
d. Productivity
Test Bank for International Economics 13th Edition By Robert Carbaugh
