COI 01 – The United States and the Global Economy
57. If incomes rise rapidly in the United States and U.S. preferences for foreign goods
strengthen, we would expect:
58. If the exchange rate changes from $1 = 2 euros to $1 = 3 euros:
59. Mexican imports of U.S. goods:
COI 01 – The United States and the Global Economy
60. A change in the dollar price of yen from $1 = 100 yen to $1 = 50 yen will:
61. Depreciation of the dollar will:
62. Appreciation of the Mexican peso will:
COI 01 – The United States and the Global Economy
63. All else equal, depreciation of the Mexican peso relative to the U.S. dollar would make a
trip by:
64. If the Japanese yen appreciates relative to the Swedish krona, then the krona:
65. Other things equal, Canadian imports of U.S. goods:
COI 01 – The United States and the Global Economy
66. If yesterday $1 would buy 800 South Korean won, but today $1 will only buy 790 won;
the:
Answer the question on the basis of the following table which indicates the dollar price of
luta, the currency used in the hypothetical economy of Luteland:
67. Refer to the above table. The equilibrium dollar price of luta is:
COI 01 – The United States and the Global Economy
68. Refer to the above table. The exchange rate in this market is:
69. Refer to the above table. Suppose that the United States imports more products from
Luteland than before. All else equal, the dollar price of luta will:
70. All else equal, U.S. imports from Germany create a:
COI 01 – The United States and the Global Economy
71. All else equal, U.S. exports to Germany create a:
72. If the dollar price of one yen is $.04, a Japanese good priced at 560 yen would cost an
American:
COI 01 – The United States and the Global Economy
73. Refer to the above diagram. The equilibrium dollar price of euros is:
74. Refer to the above diagram. If U.S. consumers increase their travel to Euro Zone nations,
we would expect:
75. Refer to the above diagram. If Euro Zone nations decide to import more agricultural
products from the United States, we would expect:
COI 01 – The United States and the Global Economy
76. Refer to the above diagram. Which of the following would most likely cause an increase
in the dollar price of euros from $1.60 to $2.00?
77. Protective tariffs are:
78. Import quotas are:
COI 01 – The United States and the Global Economy
79. Export subsidies are:
80. Nontariff barriers are:
81. A nation’s true gain from international trade is:
COI 01 – The United States and the Global Economy
82. The Smoot-Hawley Act:
83. Tariffs and quotas:
84. The Reciprocal Trade Agreements Act:
COI 01 – The United States and the Global Economy
85. The “most-favored-nation” clause of reciprocal trade agreements:
86. The General Agreement on Tariffs and Trade (GATT) is based on the principle of:
87. The latest, on-going international round of trade negotiations is called the:
COI 01 – The United States and the Global Economy
88. The Uruguay Round of GATT negotiations completed in late 1993:
89. An important outcome of the Uruguay Round of GATT negotiations was:
90. The World Trade Organization (WTO):
COI 01 – The United States and the Global Economy
91. The World Trade Organization (WTO):
92. American critics of the WTO argue that free international trade and investment will:
93. Proponents of the WTO argue that free international trade and investment will:
COI 01 – The United States and the Global Economy
94. The World Trade Organization:
95. The number of countries belonging to the World Trade Organization (WTO) currently
(2010) is about:
96. The organization created to oversee the provisions of multilateral trade agreements,
resolve disputes under the international trade rules, and meet periodically to consider further
trade liberalization is called the: