Sec_All_Short_Answer_and_Essay_Ch_31_

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1、SubjectiveShortAnswer1. Lastmonthacountrysoldmoregoodsandservicestoresidentsofforeigncountriesthanitpurchasedfromthem.Whatdoesthisimplyaboutthiscountry’stradebalance?ANSWER:  Thiscountryhadatradesurplus.DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.011-Apply

2、basicprinciplesabouttheinternationalflowofgoodsandcapital.TOPICS:  BalanceoftradeInternationaltradeKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID:  001.31-SAE-MANK082. Lastyearacountrysold$500billioneurosworthofgoodstoforeignersandhadatradedeficitof$100billioneuros.What

3、wasthevalueofitsimports?ANSWER:  $600billionDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.257-Givendataonexportsandimports,calculatethetradebalanceforacountry.TOPICS:  BalanceoftradeInternationaltradeKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  002.31-SAE-MANK0

4、83. Inthefirstquarterof2015theU.S.hadatradedeficit.Inthefirstquarterof2016exportsfellandimportsrose. Accordingtothesenumberswhathappenedtonetexports?ANSWER:  Itdecreased.DIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.257-Givendataonexportsandimports,calculate

5、thetradebalanceforacountry.TOPICS:  BalanceoftradeInternationaltradeKEYWORDS:  BLOOM'S:ComprehensionCUSTOM ID:  003.31-SAE-MANK084. Ifacountry’sexportswere500billionpesosanditsimportswere300billionpesos,whatwoulditstradebalancebe?ANSWER:  a200billionpesotradesu

6、rplusDIFFICULTY:  EasyLEARNING OBJECTIVES:  ECON.MANK.257-Givendataonexportsandimports,calculatethetradebalanceforacountry.TOPICS:  InternationaltradeBalanceoftradeKEYWORDS:  BLOOM'S:ApplicationCUSTOM ID:  004.31-SAE-MANK085. Asmeasuredbytheamountoftradeitdoes,

7、hastheU.S.economybecomemoreinternationalized?Providetworeasonsforthischange.ANSWER:  Yes.reducedtransportationcostsCopyrightCengageLearning.PoweredbyCognero.Page 20reducedcommunicationcostsmorelight-weightgoodsreducedgovernmentbarriersontradeDIFFICULTY:  EasyLE

8、ARNING OBJECTIVES:  ECON.MANK.011-Applybasicprinciplesabouttheinternationalflowofgoodsandcapital.TOPICS:  InternationaltradeU.S.economyKEYWORDS:  BLOOM'S:KnowledgeCUSTOM ID: