Quizzes and Midterm Q&a

Topics: International trade, International economics, Mercantilism Pages: 67 (5379 words) Published: March 11, 2012
|1. | |Question : | |(TCO 3) The value of goods imported into France exceeds the value of French exports. This indicates that France: | |  | |Student Answer: | | | |will experience an exchange rate decrease | |  | | | | | |utilizes high tariffs | |  | | | | | |will incur a budget deficit | |  | | | |[pic] | |has a balance of trade deficit | |  | |Instructor Explanation: | |Chapter 3 Page 64 |

|2. | |Question : | |(TCO 3) Which of the following is included when calculating a country's balance of payments? | |  | |Student Answer: | |[pic] | |Foreign aid...
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