ECO 336 EXAMS 2025 QUETSIONS
AND ANSWERS
One of the reasons we know that international labor mobility has been higher at
other times is because
A.
the percent of our population that was foreign born was higher.
B.
the population was younger.
C.
labor was important in agriculture.
D.
wages were lower. - ....ANSWER ...-A.
the percent of our population that was foreign born was higher.
Capital flows between countries are smaller than in past decades in absolute terms.
True
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,False - ....ANSWER ...-False
Most of what we buy and sell never makes it out of domestic markets.
True
False - ....ANSWER ...-True
A relative measure of the importance of trade is
A.
the dollar value of trade adjusted for inflation.
B.
trade as a percentage of investment.
C.
the dollar value of trade.
D.
trade as a percentage of GDP. - ....ANSWER ...-trade as a percentage of
GDP.
One important difference between the international economy of today and the
economy of 100 years ago is
A.
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,that price differences in different markets have narrowed.
B.
the presence of international bodies such as the IMF and World Bank.
C.
that capital is mobile.
D.
for the first time, technological innovations have reduced the barrier of distance.
E.
that labor is so much more mobile. - ....ANSWER ...-the presence of
international bodies such as the IMF and World Bank.
Domestic agricultural subsidies intended to support the nation's farmers would not
be considered a trade barrier so would not be disputed internationally.
True
False - ....ANSWER ...-False
The elimination or reduction of trade barriers caused by non-trade-related
domestic policies is referred to as
A.
deep integration.
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, B.
shallow integration.
C.
quota reduction.
D.
regional trade integration. - ....ANSWER ...-deep integration
The International Monetary Fund (IMF), the World Bank, the General Agreement
on Tariffs and Trade (GATT) were formed
A.
after World War I.
B.
to respond to the formation of the European Community in 1957.
C.
before 1900.
D.
after World War II. - ....ANSWER ...-after World War II
An example of foreign direct investment is
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AND ANSWERS
One of the reasons we know that international labor mobility has been higher at
other times is because
A.
the percent of our population that was foreign born was higher.
B.
the population was younger.
C.
labor was important in agriculture.
D.
wages were lower. - ....ANSWER ...-A.
the percent of our population that was foreign born was higher.
Capital flows between countries are smaller than in past decades in absolute terms.
True
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,False - ....ANSWER ...-False
Most of what we buy and sell never makes it out of domestic markets.
True
False - ....ANSWER ...-True
A relative measure of the importance of trade is
A.
the dollar value of trade adjusted for inflation.
B.
trade as a percentage of investment.
C.
the dollar value of trade.
D.
trade as a percentage of GDP. - ....ANSWER ...-trade as a percentage of
GDP.
One important difference between the international economy of today and the
economy of 100 years ago is
A.
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,that price differences in different markets have narrowed.
B.
the presence of international bodies such as the IMF and World Bank.
C.
that capital is mobile.
D.
for the first time, technological innovations have reduced the barrier of distance.
E.
that labor is so much more mobile. - ....ANSWER ...-the presence of
international bodies such as the IMF and World Bank.
Domestic agricultural subsidies intended to support the nation's farmers would not
be considered a trade barrier so would not be disputed internationally.
True
False - ....ANSWER ...-False
The elimination or reduction of trade barriers caused by non-trade-related
domestic policies is referred to as
A.
deep integration.
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, B.
shallow integration.
C.
quota reduction.
D.
regional trade integration. - ....ANSWER ...-deep integration
The International Monetary Fund (IMF), the World Bank, the General Agreement
on Tariffs and Trade (GATT) were formed
A.
after World War I.
B.
to respond to the formation of the European Community in 1957.
C.
before 1900.
D.
after World War II. - ....ANSWER ...-after World War II
An example of foreign direct investment is
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