Question Details

The demand for U.S. exports tends to increase 



1. As a result of the European Union, restrictions on exports between _______ were reduced or eliminated. 
A) member countries and the U.S. 
B) member countries 
C) member countries and European non-members 
D) none of the above

2. Over time, international trade (exports plus imports) as a percentage of GDP has: 
A) increased for most major countries. 
B) decreased for most major countries. 
C) stayed about constant for most major countries. 
D) increased for about half the major countries and decreased for the others.

3. Which is not a concern about the North American Free Trade Agreement (NAFTA)? 
A) its impact on U.S. inflation. 
B) its impact on U.S. unemployment. 
C) lower environmental standards in Mexico. 
D) different health laws for workers in Mexico.

4. Which of the following is not a commonly occurring subtle trade restriction? 
A) Firms based in one country are not subject to certain restrictions and can produce 
products at a lower cost than firms in other countries. 
B) Firms based in a country receive subsidies from their government, produce products, 
and then export those products at a cheap price. 
C) Firms based in one country are allowed by their government to offer bribes to large 
customers when pursuing business deals in a particular industry. 
D) All of the above describe commonly occurring subtle trade restrictions.

5. The demand for U.S. exports tends to increase when: 
A) economic growth in foreign countries decreases. 
B) the currencies of foreign countries strengthen against the dollar. 
C) U.S. inflation rises. 
D) none of the above



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