Question

Which of the following about international trade is true? In recent decades, the volume of U.S....

Which of the following about international trade is true?

In recent decades, the volume of U.S. international trade has been increasing as a share of the economy.
As transportation costs decline, the volume of international trade will also tend to decline.
Most international trade is between the governments of different nations.
If one party to an international exchange gains, the other party must lose a similar amount.
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Which of the following describes the extent of international trade in the U.S.​ economy? A....
1. Which of the following describes the extent of international trade in the U.S.​ economy? A. Since​ 1950, U.S. imports have increased from less than 5 percent of GDP to about 30 percent in 2008. B. Since​ 1950, U.S. exports have decreased from about 11 percent of GDP to about 4 percent in 2008. C. Each​ year, the U.S. exports less than 10 percent of many agricultural crops such as rice. D. About 66 percent of U.S. manufacturing industries depend...
q-1 Which of the following statements is true? a With international trade but no government, AE...
q-1 Which of the following statements is true? a With international trade but no government, AE = C + Ig + NX b Negative net exports (due to "large" exports) increase aggregate expenditure beyond what it would be in a closed economy, and thus have an expansionary effect on the economy. "Foreigners are buying more domestic production!". c Positive net exports (due to "large" imports) decrease aggregate expenditure beyond what it would be in a closed economy, and thus have...
This article illustrates the political economy of international trade and the concept of comparative advantage. Explain...
This article illustrates the political economy of international trade and the concept of comparative advantage. Explain the nations who are the "Winners" and "Losers" (5 points) and why as described in this article, and the effect of "arbitrary government intervention" that circumvents the workings of free trade initiated by Senator Trent Lott as described in the article? Use the economic concept of comparative advantage in your explanation (5 points). Due Jan 15 As a side note - why do a...
Which of the following statements about International Financial Reporting Standards (IFRS) is NOT true? A. IFRS...
Which of the following statements about International Financial Reporting Standards (IFRS) is NOT true? A. IFRS sets out broad and general principles that accountants should follow when preparing financial statements. B. IFRS offers simplicity but also possibly more leeway for accounting malpractice than does GAAP. C. In 2008, the Securities and Exchange Commission (SEC) announced its plan to convert U.S. companies from GAAP to IFRS. D. IFRS leaves LESS room for discretion than GAAP does. 2. Rogue Corp. has sales...
1. Which of the following would decrease the size of a federal budget deficit? ?A recession...
1. Which of the following would decrease the size of a federal budget deficit? ?A recession ?An increase in defense spending ?An increase in the use of automatic stabilizers ?An increase in taxes ?An increase in transfer payments 2. Which of the following is true of the federal budget process in the U.S.? Congress must approve a budget with at least a two-thirds majority vote. The federal budget must be balanced each year because the volume of international trade reduces...
Question 4 (1 point) Which of the following statements is true? a Modern economic growth began...
Question 4 (1 point) Which of the following statements is true? a Modern economic growth began in Britain around 1760 and has been slow to spread. b While much of the Western world began to experience modern growth in the early 1800s, most of Asia did not experience it until the 1990s. c It has only been in the last few decades that nations in Africa have begun to experience modern economic growth. d All of the above. e Only...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension...
SCENARIO BACKGROUND: The controversy surrounding the European Union, as well as the recent increase in tension between the U.S. and Canada leaders, prompted many American analysts and politicians to weigh pros and cons and predict likely economic of closer integration in North America. While most agree a US-Mexico union would have outweighing negative consequences for the US at this stage, primarily because of the great economic, political, societal and cultural differences between the countries, there is no consensus on the...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How...
1. In which phase of the business cycle is the U.S. economy currently in? ________________. How many months has the U.S. economy been in this stage of the business cycle? ___________ months 2. How long has the current expansion/recovery lasted to date? _________________ How does this compare to the average length of U.S. recessions since 1854? ______________________________. 3. What do the last four recoveries/expansions (that is, the current recovery/expansion and the previous three recovery/expansions), suggest about a new trend in...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT