Trade deficits can be bad because

You are borrowing too much money

The following will shift the demand curve to the left

People prefer a different product.

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J3 Final Review

18 termsStudBud Administration

Imported from external platform

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
When the Japanese government was centralized in 710-794 CE, it was referred to as
Tokugawa
The Nara period.
Sakoku
The Meji restoration.
2
What landform is Japan?
Mountain
Island
Peninsula
Archipelago
3
The supply curve is influenced by
Trade surplus
Shortages
price, production cost
international trade
4
Tariffs can help save domestic(國內的) jobs.
False
True
5
Preferences are only things you like.
True
False
6
Hokkaido is the northernmost island.
True
False
7
The supply line is a
demand
equillibrium
price
curve
8
Trade surpluses can be good because
All are true.
Your GDP can steadily rise.
The value of your currency will increase.
It will help your economy.
9
A big problem facing the Meji restoration was
The Tokugawa Shogunate fought with them
Not enough raw materials
Americans threatened to destroy them
They needed to spy on other countries
10
Trade deficits can be bad because
All are correct.
You are not getting money from tariffs
The government always steals the money
You are borrowing too much money
11
Other than Buddhism, what is a popular religion in Japan?
Satanism
Shiotism
Shitonism
Shintoism
12
The following will shift the demand curve to the left
A decrease in price.
The supply curve shifts right.
income is reduced.
People prefer a different product.
13
Supply and demand are
relationship
inverse
proportional
adverse
14
Demand is affected by
price, income, preferences
supply, price, preferences
income and preferences
supply, substitution goods, cost
15
Tariffs are an effective way to reduce trade deficits.
False
True
16
Countries should focus on producing goods and services they have a comparative advantage because
All are true.
It makes economic sense for countries.
There is a lower opportunity cost.
It benefits international trade.
17
Shogun is another word for emperor.
False
True
18
The GDP measures everything a country has sold during a period of time.
False
True

J3 Final Review Flashcards | StudBud

J3 Final Review

18 termsStudBud Administration

Imported from external platform

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
When the Japanese government was centralized in 710-794 CE, it was referred to as
Tokugawa
The Nara period.
Sakoku
The Meji restoration.
2
What landform is Japan?
Mountain
Island
Peninsula
Archipelago
3
The supply curve is influenced by
Trade surplus
Shortages
price, production cost
international trade
4
Tariffs can help save domestic(國內的) jobs.
False
True
5
Preferences are only things you like.
True
False
6
Hokkaido is the northernmost island.
True
False
7
The supply line is a
demand
equillibrium
price
curve
8
Trade surpluses can be good because
All are true.
Your GDP can steadily rise.
The value of your currency will increase.
It will help your economy.
9
A big problem facing the Meji restoration was
The Tokugawa Shogunate fought with them
Not enough raw materials
Americans threatened to destroy them
They needed to spy on other countries
10
Trade deficits can be bad because
All are correct.
You are not getting money from tariffs
The government always steals the money
You are borrowing too much money
11
Other than Buddhism, what is a popular religion in Japan?
Satanism
Shiotism
Shitonism
Shintoism
12
The following will shift the demand curve to the left
A decrease in price.
The supply curve shifts right.
income is reduced.
People prefer a different product.
13
Supply and demand are
relationship
inverse
proportional
adverse
14
Demand is affected by
price, income, preferences
supply, price, preferences
income and preferences
supply, substitution goods, cost
15
Tariffs are an effective way to reduce trade deficits.
False
True
16
Countries should focus on producing goods and services they have a comparative advantage because
All are true.
It makes economic sense for countries.
There is a lower opportunity cost.
It benefits international trade.
17
Shogun is another word for emperor.
False
True
18
The GDP measures everything a country has sold during a period of time.
False
True