2.会。BTSIQUESTION 30(A: decreased; B: remained the same; C: increased; D: hurtThe economic interdependence among nations hasthe world) in the recent past.QUESTION 31Country A imports $40 of shirts and exports $40 of under wears. Its balance of trade is(A: -20; B-10; C: 0; D: +10; E:-20).QUESTION 32Commodities exported and imported by each nation constitute thegains from trade; D: pattern of trade).(A: basis for trade; B: losses from trade; C:Save All AnswersMAR12étvMacBook Air08F3DDF7F2F4F5F8F11&%242.3.4.5.9.7.8.}1ME.|H.7.C.N

All answers for 31 32, 33 given below,

QUESTION 31 Country A imports $40 of shirts and exports $40 of under wears. Its balance of trade is (A: -20; B-10%; C: 0; D: +10; E:-2 QUESTION 32 Commodities exported and imported by each nation constitute the gains from trade; D: pattern of trade). (A: basis for trade; B: losses from trade; C: Sa MAR 12 étv J MacBook Air

QUESTION 31 Country A imports $40 of shirts and exports $40 of under wears. Its balance of trade is (A: -20; B-10%; C: 0; D: +10; E:-2 QUESTION 32 Commodities exported and imported by each nation constitute the gains from trade; D: pattern of trade). (A: basis for trade; B: losses from trade; C: Sa MAR 12 étv J MacBook Air

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 19SCQ: Describe a scenario in which a trade surplus benefits an economy and one in which a trade surplus is...

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Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Explain why such a statement is economically impossible.
Describe a scenario in which a trade surplus benefits an economy and one in which a trade surplus is economy in an economy that performs poorly. What key factor or factors are making the difference in the outcome that results from a trade surplus?
What do international flows of capital have to do with trade imbalances?
County A will export ["bikes", "cars", "nothing"] and import ["bikes", "cars", "nothing"] because ["Country A has a gomparative advantage in cars", "Country A has a comparative advantage in bikes", "Country B has an absolute advantage in both goods"] . County B will export ["bikes", "cars", "nothing"] and import ["bikes", "cars", "nothing"] because ["Country A has a gomparative advantage in cars", "Country A has a comparative advantage in bikes", "Country B has an absolute advantage in both goods so Country A has nothing to trade with Country B"] .
When countries specialize in the production of goods they have the comparative advantage in, both and will increase O prices, the trade deficit O production, consumption price level, unemployment consumption, unemployment
2 3. 4 O The balance of trade equals exports minus imports. O Since the inception of NAFTA, U.S. exports to Mexico have grown from $50 billion to $221 billion, while imports from Mexico have risen from $49 billion to $270 billion. During that same period, U.S. exports to Canada have grown from $114 billion to $287 billion, while imports from Canada have risen from $128 billion to $317 billion. Select two trends from the list below that have resulted from the NAFTA agreements: a. Canada's balance of trade with the U.S. has increased. b. Mexico's balance trade with the US has decreased. c. Mexico's balance of trade with the U.S. has increased. d. Net trade between United States and Canada has not changed. e. Net trade between United States and Mexico has not changed. Canada's balance f trade with the US has decreased
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A French worker has 100 shirts or 20 in a yeara computer can produce, while a British worker can produce 100 shirtsor let's say it can produce 10 computers.- In this direction, as in question l, both the French andProduction possibilities for the British in Tabular Formyour show.- France and England each have 100 workerslet's assume. Each country, half of its employees in each sectorif it does, how many shirts and computers does each country produce?What is the total output of the shirt and computer in the worldmuch?- Now compare all employees of each countrythat he specialises in the industry in which he has the upper handlet's assume. In this case, shirts and computershow much is the total output in the world?
The nation of Openia allows free trade and exportssteel. If steel exports were prohibited, the price ofsteel in Openia would be _________, benefiting steel_________.a. higher; consumersb. lower; consumersc. higher; producersd. lower; producers
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Draw appropriate diagram(s) showing the following:A country (Germany) produces Wheat (W) and Steel (S).Germany has increasing costs.Before trade, Germany produces at a point P, where the internal exchange ratio is1 S = 1 W. Show diagrammatically, and explain thoroughly, whathappens if Germany has the opportunity to trade at 1 S = 2W . Identify all pertinent points and ideas clearly. Given theabove, reflect also on appropriate trade policy responses.
The US exports $10 billion worth of inorganic chemicals to Germany and imports inorganic chemicals from Germany for the same dollar amount. Japan imports $1 billion of garments from Indonesia, but does not export any to Indonesia. The measure of intra-industry trade between Germany and the US first, and between Japan and Indonesia second are respectively... a. 0.5 and 0.5 b. 1 and 0 c. -1 and 1 d. 0 and 1