How does a weak currency give a country an unfair advantage in trade? Multiple Choice A...
How does a weak currency give a country an unfair advantage in trade?
Multiple Choice
A weak currency implies low translation costs.
A weak currency allows citizens to consume more imports.
A weak currency is associated with strong trade policy.
A weak currency makes a country’s imports more attractive.
A weak currency boosts exports sales for the country.
Homework Answers
Answer
Option 4
A weak currency boosts exports sales for the country
A weak currency is used to boost exports by some countries as well so some countries devalue their currencies in respect to increases net exports.
Add Answer to:
How does a weak currency give a country an unfair advantage in
trade?
Multiple Choice
A...
A country’s trade balance will immediately improve if its currency depreciates provided that: Multiple Choice consumers...
A country’s trade balance will immediately improve if its currency depreciates provided that: Multiple Choice consumers exhibit country brand loyalty. imports and exports are responsive to the exchange rate changes. imports and exports are inelastic with respect to exchange rate changes. imports and exports are inelastic to the exchange rate changes and consumers exhibit country brand loyalty. None of the options.
A country’s trade balance will immediately improve if its currency depreciates provided that: Multiple Choice imports...
A country’s trade balance will immediately improve if its currency depreciates provided that: Multiple Choice imports and exports are inelastic with respect to exchange rate changes. consumers exhibit country brand loyalty. None of the options. imports and exports are inelastic to the exchange rate changes and consumers exhibit country brand loyalty. imports and exports are responsive to the exchange rate changes.
A mercantilist approach to trade argues that a country should Multiple Choice promote exports over imports...
A mercantilist approach to trade argues that a country should Multiple Choice promote exports over imports because trade is a zero-sum activity. pursue free trade because trade is a zero-sum activity. prohibit all exports because trade is a zero-sum activity. promote imports over exports because trade is a zero-sum activity.
Which of these countries demonstrates Jeffrey Sachs's argument about trade? Multiple Choice 0 The true GNI...
Which of these countries demonstrates Jeffrey Sachs's argument about trade? Multiple Choice 0 The true GNI of the nation of Wolcott is unknown because of the "hidden economy." 0 The nation of lar exports rice but imports wheat because it is more cost effective. 0 O intellectual property rights are well-protected in the nation of Acher which provides an absolute advantage. 0 O The soil conditions in Sarut are so poor that no crops can be grown and the country...
Questions: c) An emergency tariff on a wide range of imports would be effective in addressing...
Questions: c) An emergency tariff on a wide range of imports would be effective in addressing U.S deficits and forcing other nations to purchase more U.S. exports; d) One reason the U.S. does not export more is lagging investment in domestic industries. Why Protectionism Cannot Cure the Trade Deficit The causal link between investment flows, exchange rates, and the balance of trade explains why protectionism cannot cure a trade deficit. In his 1997 book, One World, Ready or Not, Washington...
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but dis...
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but discriminate against non-member countries O PTA promotes regionalism and is as such against the idea of multilateralism in trade O Some people view that the formation of regional trade agreements (RTAs) undermine the WTO O PTA encourages regionalism and it is harmful since it leads to trade diversion O All...
1. . 2. . 3. . 4. . 5. . 6. . 7. . 8. ....
1.
.
2.
.
3.
.
4.
.
5.
.
6.
.
7.
.
8.
.
9.
Does GDP give us a complete picture of standard of living in a country No, because it does not account for inflation Yes, because it measures productivity of a country No, because it does not account for population size Yes, because it includes goods AND services produced The same car costs $10k in USA and AED30k in UAE (1$=3.67AED). Purchasing power Same for...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
(1) If the world price is above the domestic equilibrium price, the domestic country is likely...
(1)
If the world price is above the domestic equilibrium price, the
domestic country is likely to ____________________ the good.
(2)
The difference between what an economy sells to and buys from
foreigners is _________________.
(3)
The idea that exchange rates and prices adjust to equalize the
cost of living across international boundaries is called
__________________________.
(4)
In the graph below, when the world price is $3, how many units
are...
1. Expain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume is .75. How does this discretionary fiscal policy differ from a...
1. Expain the effect of a discretionary cut in taxes of $40 billion on the economy when the economy’s marginal propensity to consume is .75. How does this discretionary fiscal policy differ from a discretionary increase in government spending of $40 billion? 2.Explain what is meant by a built-in stabilizer and give two examples. 3.Differentiate between discretionary fiscal policy and nondiscretionary or built-in stabilization policy. 4.What does the “standardized budget” measure and of what significance is this concept? 5.What are...
Which of these countries demonstrates Jeffrey Sachs's argument about trade? Multiple Choice 0 The true GNI of the nation of Wolcott is unknown because of the "hidden economy." 0 The nation of lar exports rice but imports wheat because it is more cost effective. 0 O intellectual property rights are well-protected in the nation of Acher which provides an absolute advantage. 0 O The soil conditions in Sarut are so poor that no crops can be grown and the country...
1.
.
2.
.
3.
.
4.
.
5.
.
6.
.
7.
.
8.
.
9.
Does GDP give us a complete picture of standard of living in a country No, because it does not account for inflation Yes, because it measures productivity of a country No, because it does not account for population size Yes, because it includes goods AND services produced The same car costs $10k in USA and AED30k in UAE (1$=3.67AED). Purchasing power Same for...
(1)
If the world price is above the domestic equilibrium price, the
domestic country is likely to ____________________ the good.
(2)
The difference between what an economy sells to and buys from
foreigners is _________________.
(3)
The idea that exchange rates and prices adjust to equalize the
cost of living across international boundaries is called
__________________________.
(4)
In the graph below, when the world price is $3, how many units
are...
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 18 minutes ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 59 minutes ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 1 hour ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 1 hour ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 1 hour ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 1 hour ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 1 hour ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 1 hour ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 1 hour ago -
How does over-voltage of the diode usually occur?
asked 1 hour ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 1 hour ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 1 hour ago