ECO 336 TEST QUESTIONS AND CORRECT
ANSWERS
One of the characteristics of capital flow today is that - ANSWER there are far
more types of financial instruments than there were 100 years ago
Since the end of WWII, - ANSWER world trade has grown faster than world
output
Countries with large populations such as the United States tend to have -
ANSWER lower trade-to-GDP ratios
Domestic agricultural subsidies intended to assist the nation's own farmers
would not constitute a trade barrier and therefore would not be challenged
internationally - ANSWER False
Your reading describes a number of ways in which international trade flows are
unlike those of a century ago. Which one of the following is NOT among those
ways? - ANSWER International trade in raw commodities and agricultural
products is more significant than it was historically
a relative measure of the importance of trade is - ANSWER trade as a
percentage of GDP.
ANSWERS
One of the characteristics of capital flow today is that - ANSWER there are far
more types of financial instruments than there were 100 years ago
Since the end of WWII, - ANSWER world trade has grown faster than world
output
Countries with large populations such as the United States tend to have -
ANSWER lower trade-to-GDP ratios
Domestic agricultural subsidies intended to assist the nation's own farmers
would not constitute a trade barrier and therefore would not be challenged
internationally - ANSWER False
Your reading describes a number of ways in which international trade flows are
unlike those of a century ago. Which one of the following is NOT among those
ways? - ANSWER International trade in raw commodities and agricultural
products is more significant than it was historically
a relative measure of the importance of trade is - ANSWER trade as a
percentage of GDP.
