Bis155

1.| principal :| (TCO 3) Last year, the nation of Tigerland imported goods totaling $500 jillion and exported products totaling $386 million. Tigerland experient a(n):| | | Student purpose:| | unfavorable equipoise of make off | | | | favorable proportionality of trade | | | | trade surplus | | | | benefit from membership in a free trade place | | instructor exposition:| Chapter 3 Page 64| | | | Points unfeigned:| 1 of 1 | | Comments:| | | | 2.| Question :| (TCO 3) The difference between gold coming into a domain (from exports) and money leaving the clownish (for imports) plus money flows from other factors such as tourism, immaterial aid, and military expenditures is referred to as the:| | | Student Answer:| | balance of payments | | | | balance of trade | | | | balance of money flows | | | | exchange rate | | instructor Explanation:| Chapter 3 Page 64| | | | Points Received:| 1 of 1 | | Comments:| | | | 3.| Question :| (TCO 3) Country A is an extremely economical uncoverr of bottom. However, its climate and terrain make it difficult to build corn.

check to the conjecture of comparative advantage, Country A should:| | | Student Answer:| | produce both tin and corn in night companionship to remain self-sufficient | | | | watch the global market to join forces up which product is bringing the highest price | | | | import the resources requisite to produce corn | | | | concentrate its production on tin and obtain corn from an efficient producer | | Instructor Explanation:| Chapter 3 Page 61| | | | Points Received:| 1 of 1 |! | Comments:| | | | 4.| Question :| (TCO 3) An American household recently criticized a Chinese brand producer for charging a lower price for its products in the linked States than it charges in China. If proven to be true, the Chinese firm has assiduous in:| | | Student Answer:| | industrial protectionism |...If you requirement to do a full essay, order it on our website: OrderCustomPaper.com

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