The International Economy And Globalization

A. primary products
B. intermediate products
C. manufactured products
D. financial services

A. banks were unable to function
B. there was little corporate control
C. vital infrastructure was missing
D. All of the above

A. an import subsidy
B. a quota
C. comparative advantage
D. an export subsidy

A. overproduce, under consume
B. Overproduce, overconsume
C. underproduce, under consume
D. underproduce, overconsume

A. comparative advantage
B. absolute advantage
C. opportunity cost
D. relative costs

A. Comparative advantage
B. High exchange rates
C. trade barriers
D. trade quotas

A. Reduce interest rates
B. Sell its own currency
C. Buy its own currency with foreign reserves
D. Increase its own spending

A. Total spending / total consumption
B. Total consumption / total income
C. Change in consumption / change in income
D. Change in consumption / change in savings

A. The income of one country compared to another
B. The GDP of one country compared to another
C. The quantity of exports of one country compared to another
D. Export prices compared to import prices

A. 0.4A
B. 2.5A
C. 10A
D. 1B