ECO 336 EXAM 1 2025 QUESTIONS
AND ANSWERS
Countries such as the United States that have large populations tend to have -
....ANSWER ...-lower trade-to-GDP ratios.
The trade-to-GDP ratio for a nation that had $600 million in exports, $400 million
in imports, and GDP of $2,000 million would be - ....ANSWER ...-0.5
The trade-to-GDP ratio is calculated by - ....ANSWER ...-exports plus
imports divided by GDP.
A relative measure of the importance of trade is - ....ANSWER ...-trade as a
percentage of GDP.
An important factor that increased international capital flows in the latter part of
the 1800s was - ....ANSWER ...-technological innovations
Labor mobility was - ....ANSWER ...-greater in 1900 than in 2010
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, A major impact of the transatlantic telegraph was - ....ANSWER ...-a
reduction in time required to complete a financial transaction between New York
and London
The trade-to-GDP ratio for the United States reached its lowest point of the last
100 years - ....ANSWER ...-around World War II
Countries that have high rates of savings also have - ....ANSWER ...-high
rates of investment
Since the end of World War II - ....ANSWER ...-world trade has grown
more rapidly than world output
One of the reasons we know that international labor mobility has been higher at
other times is because - ....ANSWER ...-the percent of our population that
was foreign born was higher.
One important difference between the international economy of today and the
economy of 100 years ago is - ....ANSWER ...-the presence of international
bodies such as the IMF and World Bank.
One of the distinguishing characteristics of capital mobility today is that -
....ANSWER ...-there are far more kinds of financial instruments than there
were 100 years ago.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
AND ANSWERS
Countries such as the United States that have large populations tend to have -
....ANSWER ...-lower trade-to-GDP ratios.
The trade-to-GDP ratio for a nation that had $600 million in exports, $400 million
in imports, and GDP of $2,000 million would be - ....ANSWER ...-0.5
The trade-to-GDP ratio is calculated by - ....ANSWER ...-exports plus
imports divided by GDP.
A relative measure of the importance of trade is - ....ANSWER ...-trade as a
percentage of GDP.
An important factor that increased international capital flows in the latter part of
the 1800s was - ....ANSWER ...-technological innovations
Labor mobility was - ....ANSWER ...-greater in 1900 than in 2010
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, A major impact of the transatlantic telegraph was - ....ANSWER ...-a
reduction in time required to complete a financial transaction between New York
and London
The trade-to-GDP ratio for the United States reached its lowest point of the last
100 years - ....ANSWER ...-around World War II
Countries that have high rates of savings also have - ....ANSWER ...-high
rates of investment
Since the end of World War II - ....ANSWER ...-world trade has grown
more rapidly than world output
One of the reasons we know that international labor mobility has been higher at
other times is because - ....ANSWER ...-the percent of our population that
was foreign born was higher.
One important difference between the international economy of today and the
economy of 100 years ago is - ....ANSWER ...-the presence of international
bodies such as the IMF and World Bank.
One of the distinguishing characteristics of capital mobility today is that -
....ANSWER ...-there are far more kinds of financial instruments than there
were 100 years ago.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
