Trade Policy
Quiz
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Other
•
12th Grade
•
Medium
Javier Ramírez
Used 19+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does it mean to have jobs reshuffled?
Its a negative side effect of trade policies
Its a consequence of international trade that forces some people to change jobs from less competitive industries to more competitive ones in the country
Its a policy of companies to change their sites to lower income nations.
None of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If Mexico has a large trade surplus from its exchange with the US (its largest trading partner), how come its trade balance is negative?
Mexico is not collecting its payable accounts from the US
Mexicans travel and spend a lot of the dollars made back in the US "illegally"
Most of the US purchases relate to illegal or off the books purchases
Mexico buys too many things from all other countries and their trade deficit eats away the surplus with the US
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A trade deficit is ....
Bad because it means jobs are shipped out of the country
Good because people are buying everything they want at the cheapest price possible
It depends on the size of the deficit
It is not clear, a deficit can be good if it represents buying techonology for new industries and cheaper food for the population or it can be bad if its mostly buying luxury superflouos items
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
International trade makes sense when it is based on...
comparative advantage
exchange rates
high gold value
excess production
5.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Some negative side effects of trade between low income and high income countries are:
Environmental degradation
Lower prices
Bad working conditions including poor protection in the work environment
Bad quality items
6.
MULTIPLE SELECT QUESTION
1 min • 1 pt
When the peso appreciates then...
Mexican exports decline
Mexican exports increase
Mexican imports decline
Mexican imports increase
7.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Protectionist trade policies...
Cause an appreciation of the domestic currency
Cause a decrease in the volume of trade
Reduce trade deficit
Reduce taxes
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