ECO 336 EXAM 1 2025 QUESTIONS
AND ANSWERS
Which of the following kinds of agreements between two or more countries
would be an example of a deep integration measure? - ....ANSWER ...-An
agreement to use the same environmental standards in production
The International Monetary Fund (IMF), the World Bank, the General Agreement
on Tariffs and Trade (GATT) were formed - ....ANSWER ...-after World
War II.
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Part 1
An example of a foreign direct investment (FDI) would include -
....ANSWER ...-a U.S. couple buying land for their dream retirement home
in Costa Rica.
T/F: 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
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, T/F: More than 80% of the goods and services we buy are produced in domestic
markets. - ....ANSWER ...-True
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 World War II, - ....ANSWER ...-world trade has grown
more rapidly than world output.
A major impact of the transatlantic cable was - ....ANSWER ...-a reduction
in the time required to complete a financial transaction between New York and
London.
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.
Elimination of barriers to trade (tariffs and quotas) are referred to as _____
integration.
Negotiation over domestic policies that impact international trade are referred to
as _____ integration. - ....ANSWER ...-Shallow, deep
An important factor that increased international capital flows in the second half of
the nineteenth century was - ....ANSWER ...-technological innovations.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
AND ANSWERS
Which of the following kinds of agreements between two or more countries
would be an example of a deep integration measure? - ....ANSWER ...-An
agreement to use the same environmental standards in production
The International Monetary Fund (IMF), the World Bank, the General Agreement
on Tariffs and Trade (GATT) were formed - ....ANSWER ...-after World
War II.
Question content area top
Part 1
An example of a foreign direct investment (FDI) would include -
....ANSWER ...-a U.S. couple buying land for their dream retirement home
in Costa Rica.
T/F: 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
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, T/F: More than 80% of the goods and services we buy are produced in domestic
markets. - ....ANSWER ...-True
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 World War II, - ....ANSWER ...-world trade has grown
more rapidly than world output.
A major impact of the transatlantic cable was - ....ANSWER ...-a reduction
in the time required to complete a financial transaction between New York and
London.
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.
Elimination of barriers to trade (tariffs and quotas) are referred to as _____
integration.
Negotiation over domestic policies that impact international trade are referred to
as _____ integration. - ....ANSWER ...-Shallow, deep
An important factor that increased international capital flows in the second half of
the nineteenth century was - ....ANSWER ...-technological innovations.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
