We can conclude that international trade is beneficial because, regardless of whether the country imports or exports a good, the overall increase in well-being outweighs the losses associated with trade
a. True
b. False
Indicate whether the statement is true or false
True
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International economics can be divided into two broad sub-fields
A) macro and micro. B) developed and less developed. C) monetary and barter. D) international trade and international money. E) static and dynamic.
Evidence indicates that the average economic profits of invention are
a. well above zero. b. slightly above zero. c. equal to zero. d. less than zero.
Two candidates, Smith and Jones, are running for the same political office. Last night they were in a debate. It is generally accepted that Smith is perceived more to the left after the debate than before the debate. This is bad news for Jones if before the debate Smith was perceived
A) too far right. B) too far left. C) as being in the middle of the political spectrum. D) b or c E) none of the above
Which one of the following, other things equal, will directly alter the U.S. balance of trade?
A. An increase in the balance on capital account. B. A decrease in U.S. goods exports. C. An increase in net transfers. D. A decrease in U.S. purchases of assets abroad.