(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 32

《(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 32》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、EconomicsToday:TheMacroView,19e(Miller)Chapter32ComparativeAdvantageandtheOpenEconomy32.1WhyWeTrade:ComparativeAdvantageandMutualGainsfromExchange1)SinceWorldWarII,worldtradehasA)decreasedinimportanceasnationsturninwardduetosecurityconcerns.B)increased,butnotasdramaticallyasannualworldrealGDPhasc

2、limbed.C)risensharply,outpacinggainsinannualworldrealGDP.D)increasedinrelativeimportanceformostnations,butnotfortheUnitedStates.Answer:CDiff:2Topic:32.1WhyWeTrade:ComparativeAdvantageandMutualGainsfromExchangeLearningOutcome:Macro-3:IdentifyandinterpretkeymacroeconomicmeasuresAACSB:Analyticalthin

3、king2)Today,theshareofinternationaltradeinU.S.GDPisA)almost0percent.B)about10percent.C)closeto30percent.D)morethan150percent.Answer:CDiff:1Topic:32.1WhyWeTrade:ComparativeAdvantageandMutualGainsfromExchangeLearningOutcome:Macro-3:IdentifyandinterpretkeymacroeconomicmeasuresAACSB:Analyticalthinkin

4、g3)TheimportanceofinternationaltradeintheU.S.economyA)hasbeendecreasingandisexpectedtocontinuetodecrease.B)hasbeendecreasingbutisexpectedtostarttoincrease.C)hasbeenincreasingandisexpectedtocontinuetoincrease.D)hasbeenincreasingbutisexpectedtodecreaseinthefuture.Answer:CDiff:1Topic:32.1WhyWeTrade:

5、ComparativeAdvantageandMutualGainsfromExchangeLearningOutcome:Macro-3:IdentifyandinterpretkeymacroeconomicmeasuresAACSB:Analyticalthinking104Copyright©2018PearsonEducation,Inc.4)FortheUnitedStatessince1950,importsasapercentageofGDPhasA)tripled.B)increasedslightly.C)remainedconstant.D)decreased.An

6、swer:ADiff:2Topic:32.1WhyWeTrade:ComparativeAdvantageandMutualGainsfromExchangeLearningOutcome:Macro-3:IdentifyandinterpretkeymacroeconomicmeasuresAACSB:Analyticalthinking5)Since1950,thebalanceoftradeforUnitedStateshasA)gonefromasurplustoadeficit.B)gonefromadeficittoasurplus.C)remainedconstant.D)

7、gonefromasmalldeficittoalargerdeficit.Answer:ADiff:2Topic:32.1WhyWeTrade:ComparativeAdvantageandMutualGainsfromExchangeLearningOutcome:Macro-3:IdentifyandinterpretkeymacroeconomicmeasuresAACSB:Analyticalthinking6)Since