ECO 336 Midterm Exam 2025
Questions and Answers
One of the distinguishing characteristics of capital flow today is that -
....ANSWER ...-there are far more kinds of financial instruments than there were
100 years ago
Since the end of WWII, - ....ANSWER ...-world trade has grown more rapidly than
world output
Countries such as the United States that have large populations tend to have -
....ANSWER ...-lower trade-to-GDP ratios
Domestic agricultural subsidies intended to support the nation's farmers would not be
considered a trade barrier so would not be disputed internationally -
....ANSWER ...-False
Your text mentions several ways that international trade flows are different than they
were a century ago. Which of the following is NOT one of those ways? -
....ANSWER ...-International trade in raw commodities and agricultural products
is more important than it was in the past
a relative measure of the importance of trade is - ....ANSWER ...-trade as a
percentage of GDP.
…FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
Questions and Answers
One of the distinguishing characteristics of capital flow today is that -
....ANSWER ...-there are far more kinds of financial instruments than there were
100 years ago
Since the end of WWII, - ....ANSWER ...-world trade has grown more rapidly than
world output
Countries such as the United States that have large populations tend to have -
....ANSWER ...-lower trade-to-GDP ratios
Domestic agricultural subsidies intended to support the nation's farmers would not be
considered a trade barrier so would not be disputed internationally -
....ANSWER ...-False
Your text mentions several ways that international trade flows are different than they
were a century ago. Which of the following is NOT one of those ways? -
....ANSWER ...-International trade in raw commodities and agricultural products
is more important than it was in the past
a relative measure of the importance of trade is - ....ANSWER ...-trade as a
percentage of GDP.
…FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
