The International Economy And Globalization

A. The price of goods when they leave the producing country
B. a limit on the quantity of a good that can be imported into a country
C. a tax on imports
D. a government payment to encourage exports

A. its opportunity costs; world opportunity costs
B. export prices; import prices
C. Value of exports; value of imports
D. its currency; other currencies

A. absolute advantage
B. mutual advantage
C. multilateral advantage
D. comparative advantage

A. Ricardo Malthus theorem
B. Heckscher Ohlin theorem
C. Lucas-Laffer theorem
D. Friedman Samuelson theorem

A. Decreased productivity in U.S manufacturing
B. High incomes of American households
C. Relatively low interest rates in the United States
D. High levels of investment by American corporations

A. Provide benefits for all producers and consumers
B. Increase the nation’s aggregate income
C. Reduce unemployment for all domestic workers
D. Ensure that industries can operate at less than full capacity

A. Technological progress, but not international trade
B. International trade but not technological progress
C. Technological Progress and international trade
D. Neither technological progress nor international trade

A. Imported, but not exported
B. Exported, but not imported
C. Exported and imported
D. Neither imported not exported

A. U.S firms shipping component production overseas
B. High profit levels for American corporations
C. Sluggish rates of productivity growth in the United States
D. High unemployment rates among America workers

A. Canada
B. Mexico
C. China
D. North Korea