1、Name: Class: Date: Chapter12-Open-EconomyMacroeconomics:BasicConcepts1. Howdoesinternationaltradeaffectthestandardofliving? a. Itraisesthestandardoflivinginalltradingcountries. b. Itlowersthestandardoflivinginalltradingcountries. c. Itraisesthestandar
2、doflivingintheexportingcountryandlowersitintheimportingcountry. d. Itraisesthestandardoflivingintheimportingcountryandlowersitintheexportingcountry.ANSWER: a2. Whatareforeign-producedgoodsandservicesthataresolddomesticallycalled? a. imports b. exports
3、c. netimports d. netexportsANSWER: a3. Howarenetexportsofacountrydetermined? a. thevalueofgoodsandservicesimportedminusthevalueofgoodsandservicesexported b. thevalueofgoodsandservicesexportedminusthevalueofgoodsandservicesimported c. thevalueofgoodsexp
4、ortedminusthevalueofgoodsimported d. thevalueofgoodsimportedminusthevalueofgoodsexportedANSWER: b4. Supposethatacountryexports$300millionofgoodsandservicesandimports$180millionofgoodsandservices.Whatisthevalueofthatcountry’snetexports? a. $–120million
5、b. $120million c. $300million d. $380millionANSWER: b5. CountryAbuys$250ofwinefromcountryB,andBbuys$130ofwoolfromA.Whichofthefollowingcorrectlyindicatesthetwocountries’netexports(intheorderA,B)? a. –$120,$120 b. $120,–$120 c. $250,$130 d. $330,$0ANSWER
6、: a6. WhenDeborah,aCanadianlivinginCanada,purchasesPradabootsmadeinFlorence,whatisthispurchase? a. bothaCanadianandanItalianimport b. aCanadianexportandanItalianimport c. aCanadianimportandanItalianexport d. bothaCanadianandanItalianexportANSWER: cCop
7、yrightCengageLearning.PoweredbyCognero.Page 40Name: Class: Date: Chapter12-Open-EconomyMacroeconomics:BasicConcepts7. RogerlivesinIcelandandpurchasesasnowmobilemanufacturedinCanada.Whatisthispurchase? a. bothaCanadianandanIcelandicexport b. bothaCanad
8、ianandanIcelandicimport c. aCanadianimportandanIcelandicexport d. aCanadianexportandanIcelandicimportANSWER: d8. WhatisthevalueofChile’sexportsminusthevalueofChile’simportscalled? a. Chile’snetcapitalinflow b. Chile’sforeigndire
