International Economic Relations test answers

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International economic relations "test, the number of questions - 40.
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Task 1.
Question 1. When will benefit from international trade?
When a country has a comparative advantage in the production of goods;
When the world price of the exported goods will be lower than the inside;
When the world price and the domestic price of the exported goods will be equal;
When exporting country has more natural resources;
When the world price of the exported goods will be higher than the domestic price.
Question 2. The establishment of free trade will lead to the fact that Argentina will be the exporter, and Brazil - importer. Trade will increase the general well-being in both countries. Which of the following most accurately defines the population in both countries, who will be performing for and against free trade?
Consumers in both countries in favor of free trade; producers in Argentina in favor of free trade, and manufacturers in Brazil - against;
Consumers in both countries in favor of free trade; producers in Brazil in favor of free trade, and producers in Argentina - against;
Manufacturers in both countries in favor of free trade; Consumers in Argentina in favor of free trade, and manufacturers in Brazil - against;
Producers and consumers in Argentina, in Brazil in favor of free trade; Consumers and producers in Argentina, in Brazil - against;
Manufacturers in Brazil and Argentina are the consumers for free trade; Consumers in Brazil and Argentina manufacturers - against.
Question 3. Why industries competing with imports, oppose the free foreign trade?
They have to raise the international price of imported goods;
They increase the volume of sales to customers who prefer to import products;
They need to lower production efficiency in order to remain competitive;
They will have to sell their products at lower prices, as competition escalates;
All of the above.
Question 4: What is the indicator "terms of trade"?
The ratio of imports to exports;
The difference between export and import price;
The ratio of export prices of the country in question to its import prices;
The introduction of trade restrictions;
The index of competitiveness of production.
Question 5. How is the indicator "terms of trade"?
In terms of the country's wealth;
For groups of countries based on the world price;
According to the principle of comparative advantage;
For individual countries or groups of countries on the basis of price indices for exports and imports;
In terms of the gains from trade between exporting and importing countries.
Task 2.
Question 1. From some parameters depend on the terms of trade?
From changes in the production conditions;
From fluctuations in demand in the global and domestic markets;
The degree of monopolization of markets of individual countries;
From the ratio of export and import prices;
From all of the above.
Question 2. If a country increases its exports, so that as a result of declining growth rates for the goods on the world market and gross export revenues are reduced, then we are dealing with:
Heckscher - Ohlin;
The problem of growth are ruined;
The principle of relative superiority;
The positive effect of economic growth;
Theorem Stolper - Samuelson.
Question 3: What leads to the theory of Heckscher - Ohlin?
It allows us to estimate the gain from foreign trade;
It gives the opportunity to evaluate the effects of foreign trade for the owners of the same factors of production;
It allows you to determine the level of world prices for individual products;
It gives the opportunity to evaluate the effects of foreign trade for the owners of different factors of production;

Additional information

Question 5. T. Theorem Rybczynski argues?

Increases the supply of one of the factors of production leads to an increase in production and incomes in that sector, where this factor is used relatively more intensively;
Dangerous consequences for the national economy development of new mineral deposits, manifested in the decline of traditional manufacturing industries due to overflow of resources in a new and growing segment of the economy;
The growing offer of one of the factors of production leads to a decrease in production and incomes in that sector, where this factor is used relatively more intensively, and to an increase in production and incomes in the sector, where this factor is used relatively less intense;
The more one or the other factor of production is specialized in the production of export products, the more he wins as a result of foreign trade;
Countries export the goods, which requires a considerable amount of its production factors relative surplus for these countries, and low cost relative to scarce factors.

Task 3.
Question 1. If Y is the gross domestic product, the NX:

It includes goods, nonfactor services and net factor income from abroad;
It includes goods and non-factor services;
Is equal to the current account balance;
More than the capital account;
It includes public spending;

Question 2. What is the inner balance?

Maintaining a balanced balance of payments official calculations, the zero current account balance, a certain level of foreign currency reserves;
Status "full employment";
Equality of aggregate demand and aggregate supply level of potential output, at the lowest acceptable level of inflation;
The contents of paragraphs 2, 3;
The contents of paragraphs 1 and 3.

Question 3. Gross national disposable income:

It excludes net factor income from abroad;
It may be less than the gross national product;
There can be no greater net exports;
It excludes net exports;
It does not include government spending.

Question 4. If NX is negative,

Exports more than imports;
Income exceeds total expenditure;
Total expenditure exceeds income;
Government spending exceeds tax;
All of the above.

Question 5. The budget surplus is formed, if the

Net exports of less than private savings;
Income exceeds total expenditure;
Reduced domestic investment while reducing net exports;
Tax exceed government spending;
GDP is less than GDP.

Task 4.
Question 1. The balance of official settlements:

It does not include changes in official reserves;
Is equal to the change in official reserves;
Less than the amount of change in official reserves;
More than the amount of change in official reserves;
It does not include capital account.

Question 2. What is the value of changes in net foreign assets of the country?

The difference between the current account and official reserves;
The decrease of foreign currency reserves and capital inflows into the country;
The difference between the change in net foreign exchange reserves and a change in the net liabilities to the inner world;
The net increase in liquidity requirements of the country to the outside world;
The contents of paragraphs 2, 3 external payments imbalances.
etc.

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