When a country imposes tariffs, it is likely to cause:

Higher prices for the import-competing goods

The appreciation of the U.S. dollar can be caused by

An increase in the demand for dollars

Which of the following generates demand for foreign currencies?

Imports of foreign goods by firms located in theU.S

Today 1 Euro exchanges for $1.60. If next week 1 euro exchanges for $1.70, it is clear that

The dollar has depreciated relative to the euro

Which of the following generates a supply of U.S. dollars?

The construction of a plant abroad by a U.S.corporation

The depreciation of a country's currency causes the price of imports to:

Rise and the prices of exports to fall

When foreigners come to the United States as tourists, they are generating a:

Demand for U.S. dollars and a supply of aforeign currency

Which of the following is a gain from trade?

A higher standard of living for all tradingcountries

Which of the following groups would be aided by a depreciation of the American dollar

American producers of goods for export

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CB West Unit 8 Macro

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Unit VIII

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Questions 26

Answers

1
Which of the following is not a barrier to trade
Embargoes.
Quota
Tariff
NAFTA
2
When the overall trade balance is zero
The service trade balance must be zero
The goods trade balance must be zero
Exports equal imports
the euro will appreciate
3
When a country imposes tariffs, it is likely to cause:
Increased quantities of imports
Higher prices for the import-competing goods
Less expensive exports
Lower prices for domestic production
4
The appreciation of the U.S. dollar can be caused by
Adecrease in the demand for dollars
An increase in the demand for dollars
An increase in the supply of dollars
A decrease in the U.S. interest rate.
5
Goods and services purchased from international sources are
net exports
exports
imports
net imports
6
Which of the following generates demand for foreign currencies?
Exports from the United States to foreigncountries
The building of plants by foreign corporationsin the U.S
Imports of foreign goods by firms located in theU.S
Foreign tourists traveling to the United States
7
Today 1 Euro exchanges for $1.60. If next week 1 euro exchanges for $1.70, it is clear that
The dollar has appreciated relative to euro
The euro has depreciated relative to the dollar
Both currencies have appreciated
The dollar has depreciated relative to the euro
8
What is color shirt on Monday
Green
blue
black
yellow
9
A change in the exchange rate for a country's currency alters the prices of
Exports only
Only domestic goods and services
Both imports and exports
Imports only
10
Which of the following generates a supply of U.S. dollars?
Chinese buyers of American aircraft
The construction of a plant abroad by a U.S.corporation
The demand for U.S. exports to foreigncountries.
Foreign tourists visiting the United States
11
Largest organ for the human body
Skin
Liver
Kidney
Heart
12
if we decide we want to drive more German-made cars this causes the ____ German currency to __
Demand for; decrease
Demand for; increase
Supply of; decrease
Supply of; increase.
13
The price of one country's currency expressed interms of another is the
exhange rate
terms of trade
Abolute advantange
Comparative advantage
14
A summary record of a country's international economic transactions in a given time period is
Current account.
Exchange rate balance
Balance of payments
Financial account
15
The Eagles won Super Bowl
LIV
LIII
LII
CCR
16
A limit on the quantity of a good that can be imported is
A trade cost.
Quota
The comparative advantage.
Embargo
17
When you produce a good at a lower opportunity cost than your trading partners it is known as
The terms of trade.
Absolute advantage.
Opportunity cost advantage.
Comparative advantage.
18
The depreciation of a country's currency causes the price of imports to:
Fall and the prices of exports to fall
Fall and the prices of exports to rise
Rise and the prices of exports to rise
Rise and the prices of exports to fall
19
The demand for U.S. dollars originates from all of the following except
Speculation in U.S. dollars
Foreign demand for U.S. exports
Foreign demand for U.S. investments
U.S. demand for imported goods
20
Over a given period of time if exports are greater than imports, the result is
a trade war
A trade surplus
a trade deficit
a trade embargo
21
When foreigners come to the United States as tourists, they are generating a:
Demand for U.S. dollars and a supply of aforeign currency
Supply of U.S. dollars and a demand for aforeign currency
Supply of U.S. dollars and a supply of a foreigncurrency
Demand for U.S. dollars and a demand for aforeign currency
22
Which of the following is a gain from trade?
A level of self-sufficiency for all tradingcountries
A shorter workweek for all trading countries
A higher standard of living for all tradingcountries
A higher price level for all trading countries
23
Which of the following groups would be aided by a depreciation of the American dollar
Foreign producers of goods imported by theUnited States
Foreign workers
U.S. importers of goods from abroad.
American producers of goods for export
24
If the United States has a trade deficit, this means that
Exports exceed imports
The trade balance is negative
Trade activity is limited to just a few goods
The U.S. economy produces more than it consumes
25
The closest National Park to CB West is
Washington Crossing
Independence Hall
Lake Galena
Valley Forge
26
Which of the following might cause a depreciation of the U.S. dollar versus the Japanese yen
A recession in Japan
A greater demand for U.S. coal by Japan
A recession in U.S.
More Japanese visitors to Hawaii

CB West Unit 8 Macro Flashcards | StudBud