Test bank for international economics 16th edition carbaugh

DOWNLOAD THE Test Bank for International Economics 16th Edition Carbaugh
m m m m m m m m m



1. Themmercantilistsmwouldmhavemobjectedmto:
a. Exportmpromotionmpoliciesminitiatedmbymthemgovernment
b. Themusemofmtariffsmormquotasmtomrestrictmimports
c. Tradempoliciesmdesignedmtomaccumulatemgoldmandmothermpreciousmmetals
d. Internationalmtradembasedmonmopenmmarkets
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTIONmTYPE: MultiplemChoice
HASmVARIABLES: False
NATIONALmSTANDARDS:mmUnitedmStatesm-mBUSPROG:mPromotionm-mBUSPROG:mAnalytic
UnitedmStatesm-mBUSPROG:mReflectivemThinking
STATEmSTANDARDS: UnitedmStatesm-mPAm-mDISC:mInternationalmtrademandmfim-
mDISC:m Internationalmtrademandmfinance


TOPICS: HistoricalmDevelopmentmofmModernmTrademTheory
KEYWORDS: BLOOM'S:mRemember
DATEmCREATED: 6/22/2016m3:10mPM
DATEmMODIFIED: 6/22/2016m3:10mPM

2. Unlikemthemmercantilists,mAdammSmithmmaintainedmthat:
a. Tradembenefitsmonemnationmonlymatmthemexpensemofmanothermnation
b. Governmentmcontrolmofmtrademleadsmtommaximummeconomicmwelfare
c. Allmnationsmcanmgainmfrommfreeminternationalmtrade
d. Themworld'smoutputmofmgoodsmmustmremainmconstantmovermtime
ANSWER: c
POINTS: 1
DIFFICULTY: Easy
QUESTIONmTYPE: MultiplemChoice
HASmVARIABLES: False
NATIONALmSTANDARDS:mUnitedmStatesm-mBUSPROG:mAnalyticmReflectivemThim-
mBUSPROG:mReflectivemThinkingm UnitedmStatesm-mBUSPROG:mPromotionm-
mBUSPROG:m Analytic


STATEmSTANDARDS: UnitedmStatesm-mPAm-mDISC:mInternationalmtrademandmfim-
mDISC:m Internationalmtrademandmfinance


TOPICS: HistoricalmDevelopmentmofmModernmTrademTheory
KEYWORDS: BLOOM'S:mRemember
DATEmCREATED: 6/22/2016m3:10mPM
DATEmMODIFIED: 6/22/2016m3:10mPM

3. ThemtradingmprinciplemformulatedmbymAdammSmithmmaintainedmthat:
a. Internationalmpricesmaremdeterminedmfrommthemdemandmsidemofmthemmarket
b. Differencesminmresourcemendowmentsmdeterminemcomparativemadvantage
c. Differencesminmincomemlevelsmgovernmworldmtradempatterns
d. Absolutemcostmdifferencesmdeterminemthemimmediatembasismformtrade
ANSWER: d
POINTS: 1
DIFFICULTY:
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,DOWNLOAD THE Test Bank for International Economics 16th Edition Carbaugh
m m m m m m m m m


ModeratemQUE
STIONmTYPE:
MultiplemChoic
emHASmVARIABLES: False




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,DOWNLOAD THE Test Bank for International Economics 16th Edition Carbaugh
m m m m m m m m m



NATIONALmSTANDARDS:mmUnitedmStatesm-mBUSPROG:mPromotionm-mBUSPROG:mAnalytic
UnitedmStatesm-mBUSPROG:mReflectivemThinking
STATEmSTANDARDS: UnitedmStatesm-mPAm-mDISC:mInternationalmtrademandmfim-
mDISC:m Internationalmtrademandmfinance


TOPICS: HistoricalmDevelopmentmofmModernmTrademTheory
KEYWORDS: BLOOM'S:mRemember
DATEmCREATED: 6/22/2016m3:10mPM
DATEmMODIFIED: 6/22/2016m3:10mPM

4. UnlikemAdammSmith,mDavidmRicardo'smtradingmprinciplememphasizesmthe:
a. Demandmsidemofmthemmarket
b. Supplymsidemofmthemmarket
c. Rolemofmcomparativemcosts
d. Rolemofmabsolutemcosts
ANSWER: c
POINTS: 1
DIFFICULTY:
ModeratemQUE
STIONmTYPE:
MultiplemChoic
emHASmVARIABLES: False
NATIONALmSTANDARDS:mmUnitedmStatesm-mBUSPROG:mPromotionm-mBUSPROG:mAnalytic
UnitedmStatesm-mBUSPROG:mReflectivemThinking
STATEmSTANDARDS: UnitedmStatesm-mPAm-mDISC:mInternationalmtrademandmfim-
mDISC:m Internationalmtrademandmfinance


TOPICS: HistoricalmDevelopmentmofmModernmTrademTheory
KEYWORDS: BLOOM'S:mRemember
DATEmCREATED: 6/22/2016m3:10mPM
DATEmMODIFIED: 6/22/2016m3:10mPM

5. Whenmamnationmrequiresmfewermresourcesmthanmanothermnationmtomproducemamproduct,mthemnationmismsaidmtomhavema:
a. Absolutemadvantageminmthemproductionmofmthemproduct
b. Comparativemadvantageminmthemproductionmofmthemproduct
c. Lowermmarginalmratemofmtransformationmformthemproduct
d. Lowermopportunitymcostmofmproducingmthemproduct
ANSWER: a
POINTS: 1
DIFFICULTY:
ModeratemQUE
STIONmTYPE:
MultiplemChoic
emHASmVARIABLES: False
NATIONALmSTANDARDS:mmUnitedmStatesm-mBUSPROG:mPromotionm-mBUSPROG:mAnalytic
UnitedmStatesm-mBUSPROG:mReflectivemThinking
STATEmSTANDARDS: UnitedmStatesm-mPAm-mDISC:mInternationalmtrademandmfim-
mDISC:m Internationalmtrademandmfinance



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, DOWNLOAD THE Test Bank for International Economics 16th Edition Carbaugh
m m m m m m m m m


TOPICS: HistoricalmDevelopmentmofmModernmTrademTheory
KEYWORDS: BLOOM'S:mUnderstand
DATEmCREATED: 6/22/2016m3:10mPM
DATEmMODIFIED: 6/22/2016m3:10mPM

6. Accordingmtomthemprinciplemofmcomparativemadvantage,mspecializationmandmtrademincreasemamnation'smtotalmoutputmsince:
a. Resourcesmaremdirectedmtomtheirmhighestmproductivity




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