Which of the following countries consistently had trade surpluses with Great Britain from 1858 to 1947?
a. Pakistan
b. India
c. Canada
d. Zimbabwe
b. India
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The U.S. dollar is one of the leading reserve currency in the world. This means that
A) dollars are often used to settle international debts and to state other currency exchange values. B) dollars are the most common currency for savings internationally. C) dollars are held to cover shortfalls in government budgets. D) dollars are accepted in just about every country in the world.
Using tradable allowances instead of quotas may be a better solution to the provision of common resources because they:
A. allocate the good in a less efficient way, and quotas do not. B. ensure that the resource is allocated to those with the highest willingness to pay, while quotas do not. C. assign private property rights-and an incentive, as owners, which means common resource now get overused, and quotas do not. D. allow the government to set a specific amount of the good to be consumed, while quotas do not.
Which of the following reasons for international specialization best explains why many small-population countries import automobiles from Japan, the U.S., and Germany rather than produce them domestically?
a. Differences in resource endowments b. Economies of scale c. Differences in tastes d. Trade restrictions
What muscle injury is often caused by overstretching a muscle?
A. Atrophy B. Dislocation C. Myopathy D. Strain