a. International trade protects countries increase the demand of its own domestic products
b. International trade helps countries to limit its import in order to protect its infant industries
c. International trade is an important engine for job creation
d. International trade increases tariff charges on imported goods to generate more revenue for the country
e. International trade helps countries limit access to products it cannot produce
a. Trade between the world's middle-income economies
b. Trade between high-income economies nations and low-income economies nations
c. Trade between the world's low-income economies
d. Trade between the world's high-income economies
e. Trade between low-and middle-income nations
a. International trade is a positive-sum game.
b. Governments acquire wealth through unrestrictive trade policies.
c. Nations should trade with other nations to obtain the goods they need, but don't produce.
d. Trade should be allowed to flow as dictated by market forces, not by government intervention.
e. Nations should increase their wealth by increasing their exports and minimizing their imports
a. Colonialism, maximize production, and product standardization
b. Trade surpluses, government intervention, and colonialism
c. Free trade, subsidizing export, and banning imports
d. Free trade, government intervention, and colonialism
e. Free trade, colonialism, and strict government intervention
a. Adopt the factor proportion theory.
b. Subsidize export, ban import, and impose tariff charges and quotas.
c. Liberalize import policies to ensure access to products that mercantilist nations do not produce.
d. Allow trade to flow as dictated by market forces to ensure trade surplus.
e. Concentrate on producing the goods in which it holds an advantage, then trade with other nations.
Other sets by this creator
Discount Computers is in its second year of business providing computer repair services in the local community and reselling used computers on the Internet. The company is owned by 10 investors, each investing $100,000. Justin Lake was hired as president and CEO, with one stipulation: He would receive no salary unless the company achieved annual operating cash flows exceeding$200,000. If the $200,000 was achieved, Justin would receive a$100,000 bonus, and each of the 10 investors would receive a dividend of $10,000. At the end of the year, Justin had Nicole Roberts, one of the business interns from the local college, calculate a preliminary statement of cash flows. Operating cash flows were$185,000. Justin carefully looked over the calculations that night and then met with Nicole in the morning. Justin starts out: "Nicole, you did an excellent job in preparing the statement of cash flows. The only change I could find is that we need to move the $25,000 increase in notes payable to the bank from financing activities to operating activities. We borrowed that money three months ago and plan to pay it back within a year. After you finish the changes, round up the rest of the interns. Lunch is on me." Do you agree with the change recommended by Justin Lake? Is there anything unethical about his actions? What should Nicole do in this situation?