ECO 336 MIDTERM EXAM 2025
QUESTIONS AND ANSWERS
False - ....ANSWER ...-TRUE OR FALSE: Domestic agricultural subsidies
intended to support the nation's farmers would not be considered a trade barrier so
would not be disputed internationally
a reduction in the time required to complete a financial transaction between New
York and London. - ....ANSWER ...-A major impact of the transatlantic
cable was
True - ....ANSWER ...-TRUE OR FALSE: More than 80% of the goods and
services we buy are produced in domestic markets.
International trade in raw commodities and agricultural products is more important
than it was in the past. - ....ANSWER ...-Your text mentions several ways
that international trade flows are qualitatively different than they were a century
ago. Which of the following is NOT one of those ways?
the problem of volatility in financial capital flows. - ....ANSWER ...-All of
the following are differences in capital flows today from the past, EXCEPT
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, False - ....ANSWER ...-TRUE OR FALSE: Capital and labor only very
recently have been free to move across international borders.
currency market transactions. - ....ANSWER ...-Financial capital flows could
include
False - ....ANSWER ...-TRUE OR FALSE: Open economies grow more
slowly than closed economies.
An agreement to use the same environmental standards in production -
....ANSWER ...-Which of the following kinds of agreements between two or
more countries would be an example of a deep integration measure?
True - ....ANSWER ...-TRUE OR FALSE: Most economists support open
trade because it increase our choices as consumers, lowers costs for producers,
increases competition and innovation, and leads to greater diffusion of
technological change.
False - ....ANSWER ...-TRUE or FALSE: Capital flows between countries
are smaller than in past decades in absolute terms.
A.
provide consumers with lower prices.
B.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
QUESTIONS AND ANSWERS
False - ....ANSWER ...-TRUE OR FALSE: Domestic agricultural subsidies
intended to support the nation's farmers would not be considered a trade barrier so
would not be disputed internationally
a reduction in the time required to complete a financial transaction between New
York and London. - ....ANSWER ...-A major impact of the transatlantic
cable was
True - ....ANSWER ...-TRUE OR FALSE: More than 80% of the goods and
services we buy are produced in domestic markets.
International trade in raw commodities and agricultural products is more important
than it was in the past. - ....ANSWER ...-Your text mentions several ways
that international trade flows are qualitatively different than they were a century
ago. Which of the following is NOT one of those ways?
the problem of volatility in financial capital flows. - ....ANSWER ...-All of
the following are differences in capital flows today from the past, EXCEPT
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, False - ....ANSWER ...-TRUE OR FALSE: Capital and labor only very
recently have been free to move across international borders.
currency market transactions. - ....ANSWER ...-Financial capital flows could
include
False - ....ANSWER ...-TRUE OR FALSE: Open economies grow more
slowly than closed economies.
An agreement to use the same environmental standards in production -
....ANSWER ...-Which of the following kinds of agreements between two or
more countries would be an example of a deep integration measure?
True - ....ANSWER ...-TRUE OR FALSE: Most economists support open
trade because it increase our choices as consumers, lowers costs for producers,
increases competition and innovation, and leads to greater diffusion of
technological change.
False - ....ANSWER ...-TRUE or FALSE: Capital flows between countries
are smaller than in past decades in absolute terms.
A.
provide consumers with lower prices.
B.
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
