Cissen and Napor are two neighboring countries that actively trade goods and services with each other....
Cissen and Napor are two neighboring countries that actively trade goods and services with each other. Under the gold standard, there will be a net flow of gold from Napor to Cissen when
Multiple Choice
-
Cissen is in trade deficit with Napor.
-
Napor is in balance-of-trade equilibrium with Cissen.
-
Cissen is in trade surplus with Napor.
-
Cissen imports more than it exports to Napor.
-
Napor balance of payment to Cissen is favorable.
Homework Answers
Option C.
It is given that Cissen and Napor are the two neighboring countries who are actively trading goods and services with each other.
Under a gold standard, the country which is importing will trade goods and services in the exchange of gold while the exporting country will have an inflow of gold in exchange of goods and services.
Here Napor is trading goods and services in exchange for gold, hence it is an importing country while Cissen is an exporting country.
We know that a country is said to have a trade surplus when its exports exceeds imports.
As there is net flow of gold to Cissen we know that Cissen has exported more goods and services to Napor. Hence Cissen is in trade surplus with Napor.
Add Answer to:
Cissen and Napor are two neighboring countries that actively
trade goods and services with each other....
Measuring Global Trade Most nations cannot produce all the products its people want and need. Even...
Measuring Global Trade
Most nations cannot produce all the products its people want and
need. Even if a country did become self-sufficient, other nations
would seek to trade with it to meet the needs of their own people.
Examine the chart containing trade figures from various countries
and determine the balance of trade.
Global trade enables a nation to produce what it is most capable of
producing and buy what it needs from others in a mutually
beneficial exchange relationship....
4. In 2008, Canada had net exports of $44.9 billion and sold $488.7 billion of goods...
4. In 2008, Canada had net exports of $44.9 billion and sold $488.7 billion of goods and services abroad. Canada had A. $44.9 billion of exports and $443.8 billion of imports. B. $533.6 billion of exports and $488.7 billion of imports. C. $533.6 billion of imports and $488.7 billion of exports. D. $488.7 billion of imports and $443.8 billion of exports. E. $443.8 billion of imports and $488.7 billion of exports. 5. Which of the following factors affects a country's...
Suppose the increase in tariff on imports of goods and services from china and EU countries...
Suppose the increase in tariff on imports of goods and services from china and EU countries caused a capital flight of currency from the United States. Show the effects on US exports,imports and trade balance from this capital flight by foreign investors.
3. Gains from trade Consider two neighboring island countries called Dolorium and Contente. They each have...
3. Gains from trade Consider two neighboring island countries called Dolorium and Contente. They each have 4 milion labor hours available per month that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor. Jeans Corn (Bushels per hour of labor) Country Dolorium Contente (Pairs per hour of labor) 8 Initially, suppose Contente uses 1 million hours of labor...
International Trade Case
Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all of the groups who buy goods in the economy (GDP = C + I + G +...
20A trade balance where exports exceed imports is called: trade surplus. trade deficit. budget deficit. none...
20A trade balance where exports exceed imports is called: trade surplus. trade deficit. budget deficit. none of the above. 21Capital flows deal with: buying and selling of newly produced final goods and services among countries. buying and selling of existing real and financial assets among countries. buying and selling of only domestic final goods and services. none of the above. 22Potential GDP is: minimum amount of output that can be produced given the labor force, capital stock, and technology. maximum...
4. Gains from trade Consider two neighboring island countries called Contente and Euphoria. They each have...
4. Gains from trade Consider two neighboring island countries called Contente and Euphoria. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor. Jeans (Pairs per hour of labor) Corn (Bushels per hour of labor) Country Contente Euphoria 16 20 Initially, suppose Contente uses 1 million hours of...
3. Gains from trade Consider two neighboring island countries called Felicidad and Arcadia. They each have...
3. Gains from trade Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor. Jeans (Pairs per hour of labor) Rye (Bushels per hour of labor) Country Felicidad Arcadia 12 Initially, suppose Arcadia uses 1 million hours of labor...
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...
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad....
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor Jeans Corn Country Pairs per hour of labor) (Bushels per hour of labor) Arcadia Felicidad 12 24 8 32 Initially, suppose Arcadia...
Measuring Global Trade
Most nations cannot produce all the products its people want and
need. Even if a country did become self-sufficient, other nations
would seek to trade with it to meet the needs of their own people.
Examine the chart containing trade figures from various countries
and determine the balance of trade.
Global trade enables a nation to produce what it is most capable of
producing and buy what it needs from others in a mutually
beneficial exchange relationship....
3. Gains from trade Consider two neighboring island countries called Dolorium and Contente. They each have 4 milion labor hours available per month that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor. Jeans Corn (Bushels per hour of labor) Country Dolorium Contente (Pairs per hour of labor) 8 Initially, suppose Contente uses 1 million hours of labor...
4. Gains from trade Consider two neighboring island countries called Contente and Euphoria. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor. Jeans (Pairs per hour of labor) Corn (Bushels per hour of labor) Country Contente Euphoria 16 20 Initially, suppose Contente uses 1 million hours of...
3. Gains from trade Consider two neighboring island countries called Felicidad and Arcadia. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. The following table shows the amount of jeans or rye that can be produced using 1 hour of labor. Jeans (Pairs per hour of labor) Rye (Bushels per hour of labor) Country Felicidad Arcadia 12 Initially, suppose Arcadia uses 1 million hours of labor...
3. Comparative advantage and gains from trade Consider two neighboring island countries called Arcadia and Felicidad. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 hour of labor Jeans Corn Country Pairs per hour of labor) (Bushels per hour of labor) Arcadia Felicidad 12 24 8 32 Initially, suppose Arcadia...
Most questions answered within 3 hours.
-
What is experiential learning and how is it helpful for teaching
leadership, and interpreting group dynamics?...
asked 2 minutes ago -
A security awareness policy defines the responsibilities of
managers and information owners.
True
False
asked 3 minutes ago -
Using the Properties of Order show that 5n5 +
4n4 + 6n3 + 2n2+ n +...
asked 2 minutes ago -
which is the equilibrium expression for the reaction
3A(g)+4B(g)<---> 2C(g)+5D(g)
asked 5 minutes ago -
Create a balanced compensation plan that you feel would
encourage a restaurant manager to be more...
asked 12 minutes ago -
Re: Human Physiology
Comment on the differences between representing V02 max as an
absolute number and...
asked 14 minutes ago -
A firm with a WACC of 10% is considering the following mutually
exclusive projects:
0
1...
asked 19 minutes ago -
. A 100.0 mL sample of 0.18 M HClO4 is titrated with 0.27 M
LiOH. Determine...
asked 42 minutes ago -
A regression equation that describes the relationship between
the amount of the bill ($) at a...
asked 1 hour ago -
exercise on VSEPR and molecular structrue.
octahedral
SeCl62-
TeCl62-
ClF62-
distorted
SeF62–
IF6–
asked 2 hours ago -
284 mL of a 0.52 M potassium hydroxide solution is added to 467
mL of a...
asked 2 hours ago -
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 3 hours ago