Question 1

A major impact of the transatlantic telegraph was

Accepted Answer

A) a reduction in time required to complete a financial transaction between New York and London 
B) an increase in labor flows across the Atlantic. 
C) a decrease in trade barriers between the United States and Europe. 
D) an increase in trade conflicts between the United States and Europe. 
E) that nations abandoned the gold standard. 
A) a reduction in time required to complete a financial transaction between New York and London 
B) an increase in labor flows across the Atlantic. 
C) a decrease in trade barriers between the United States and Europe. 
D) an increase in trade conflicts between the United States and Europe. 
E) that nations abandoned the gold standard.

Question 2

Deep integration

Accepted Answer

A) is easier to achieve than shallow integration. 
B) is less controversial than shallow integration. 
C) does not require changing domestic policies unrelated to tariffs and quotas. 
D) requires cooperation with other national governments or international bodies. 
E) can be implemented unilaterally. 
A) is easier to achieve than shallow integration. 
B) is less controversial than shallow integration. 
C) does not require changing domestic policies unrelated to tariffs and quotas. 
D) requires cooperation with other national governments or international bodies. 
E) can be implemented unilaterally.

Question 3

The trade-to-GDP ratio for a nation that had $600 million in exports,$400 million in imports,and GDP of $2,000 million would be

Accepted Answer

A) 0)1. 
B) 0)2. 
C) 0)5. 
D) -0.1. 
A) 0)1. 
B) 0)2. 
C) 0)5. 
D) -0.1.

Question 4

All of the following are differences in capital flows today from the past,EXCEPT

Accepted Answer

A) the increasing variety of financial instruments. 
B) the larger number of companies listed on world stock exchanges. 
C) the need to protect from sudden changes in currency values. 
D) the problem of volatility in financial capital flows. 
E) the reduction in transaction costs for foreign investment. 
A) the increasing variety of financial instruments. 
B) the larger number of companies listed on world stock exchanges. 
C) the need to protect from sudden changes in currency values. 
D) the problem of volatility in financial capital flows. 
E) the reduction in transaction costs for foreign investment.

Question 5

One important difference between the international economy of today and the economy of 100 years ago is

Accepted Answer

A) that labor is so much more mobile. 
B) for the first time,technological innovations have reduced the barrier of distance. 
C) for the first time,capital is mobile. 
D) that price differences in different markets have narrowed. 
E) the presence of international bodies such as the IMF and World Bank. 
A) that labor is so much more mobile. 
B) for the first time,technological innovations have reduced the barrier of distance. 
C) for the first time,capital is mobile. 
D) that price differences in different markets have narrowed. 
E) the presence of international bodies such as the IMF and World Bank.

Question 6

The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years

Accepted Answer

A) around 1900. 
B) around 1970. 
C) around World War II. 
D) around World War I. 
E) around 2008. 
A) around 1900. 
B) around 1970. 
C) around World War II. 
D) around World War I. 
E) around 2008.

A major impact of the transatlantic telegraph was

Deep integration

The trade-to-GDP ratio for a nation that had $600 million in exports,$400 million in imports,and GDP of $2,000 million would be

All of the following are differences in capital flows today from the past,EXCEPT

One important difference between the international economy of today and the economy of 100 years ago is

The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

The Bric Countries in the World Economy

Filters

Exam 1: The United States in a Global Economy

A major impact of the transatlantic telegraph was

Deep integration

The trade-to-GDP ratio for a nation that had $600 million in exports,$400 million in imports,and GDP of $2,000 million would be

All of the following are differences in capital flows today from the past,EXCEPT

One important difference between the international economy of today and the economy of 100 years ago is

The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

The Bric Countries in the World Economy

Filters