the ratio at which nations will exchange goods and services is known as the : (a)...
the ratio at which nations will exchange goods and
services is known as the :
(a) exchange rate
(c) terms of trade
(b)discount rate
(d) balance of trade
Homework Answers
terms of trade
this determine that will tell that what the company will get in return by selling one good
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the ratio at which nations will exchange goods and services is known as the : (a)...
The ratio of the prices of exported goods to the prices of imported goods is known...
The ratio of the prices of exported goods to the prices of imported goods is known as the: A. international inflation rate. B. terms of trade. C. price differential. D. ratio of advantage. Which statement is correct? A. Tariffs encourage international trade. B. There are both winners and losers from international trade. C. International trade lowers global production. D. It is always in the producers' interest to open borders to trade. Which statement is NOT an argument against free trade?...
25 The conditions under which a firm sells its goods and services for cash or credit...
25 The conditions under which a firm sells its goods and services for cash or credit a. collection policy b terms of sale с terms of endearment d credit contract 26 When a purchaser is presented with trade terms such as 2/10 net 30, we call this a. a sales discount b a trade or purchase discount с a service contract a term contract
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....
MATCHING Match the key terms with the descriptions. Goods or services produced in another country and...
MATCHING Match the key terms with the descriptions. Goods or services produced in another country and bought in the United States. Goods or services produced in the United States and sold to someone in another country. Imports exceed exports. Exports exceed imports. Being able to produce using fewer resources Being able to produce incurring less opportunity costs. The absence of trade restrictions. A tax on imports. An absolute limit on imports of certain products. An argument for trade restrictions that...
Which is NOT a reason why nations engage in trade? a. The distribution of natural, human,...
Which is NOT a reason why nations engage in trade? a. The distribution of natural, human, and capital resources among nations is uneven. b. Efficient production of various goods requires different technologies and not all nations have the same level of technological expertise. c. To protect national security d. Products are differentiated as to quality and other attributes, and some people may prefer certain goods imported from abroad rather than similar goods produced domestically.
Which one of the following approaches aims to privatize government services and open nations to free...
Which one of the following approaches aims to privatize government services and open nations to free trade? Group of answer choices Means-tested policies Decentralization Economic liberalization Convergence
The study of how organizations produce goods and services is known as A : manufacturing. B...
The study of how organizations produce goods and services is known as A : manufacturing. B : management science. C : operations management. D : logistical science.
The _______________ is the relative price of the goods and services of two countries. Select one:...
The _______________ is the relative price of the goods and services of two countries. Select one: a. nominal exchange rate b. inflation rate c. G-10 index d. real exchange rate
44) The concept that suggests that all nations can gain through trade by producing goods for...
44) The concept that suggests that all nations can gain through trade by producing goods for which they are low opportunity cost producers and trading these for goods with a high opportunity cost is called the Otax and trade principle Oprinciple of comparative advantage Oprinciple of absolute advantage Oarbitrage principle
Question 49 (Mandatory) (1 point) The terms of trade reflect the rate at which gold exchanges...
Question 49 (Mandatory) (1 point) The terms of trade reflect the rate at which gold exchanges internationally for any domestic currency. ratio at which nations will exchange two goods. fact that the gains from trade will be equally divided. cost conditions embodied in a single country's production possibilities curve. Question 50 (Mandatory) (1 point) By requiring car producers to install emission control devices on cars, the government forces these producers to internalize some of the external costs of auto pollution....
25 The conditions under which a firm sells its goods and services for cash or credit a. collection policy b terms of sale с terms of endearment d credit contract 26 When a purchaser is presented with trade terms such as 2/10 net 30, we call this a. a sales discount b a trade or purchase discount с a service contract a term contract
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....
MATCHING Match the key terms with the descriptions. Goods or services produced in another country and bought in the United States. Goods or services produced in the United States and sold to someone in another country. Imports exceed exports. Exports exceed imports. Being able to produce using fewer resources Being able to produce incurring less opportunity costs. The absence of trade restrictions. A tax on imports. An absolute limit on imports of certain products. An argument for trade restrictions that...
44) The concept that suggests that all nations can gain through trade by producing goods for which they are low opportunity cost producers and trading these for goods with a high opportunity cost is called the Otax and trade principle Oprinciple of comparative advantage Oprinciple of absolute advantage Oarbitrage principle
Question 49 (Mandatory) (1 point) The terms of trade reflect the rate at which gold exchanges internationally for any domestic currency. ratio at which nations will exchange two goods. fact that the gains from trade will be equally divided. cost conditions embodied in a single country's production possibilities curve. Question 50 (Mandatory) (1 point) By requiring car producers to install emission control devices on cars, the government forces these producers to internalize some of the external costs of auto pollution....
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