Category: The International Economy And Globalization

A. Automobiles
B. Steel
C. Radios and TVs
D. Computer software

A. high monetary growth high wages
B. high budget deficits devaluation
C. high monetary growth devaluation
D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required a source of government revenue

A. Economies of large-scale production
B. The specializing country behaving as a monopoly
C. Smaller production runs resulting in lower unit costs
D. High wages paid to foreign workers

A. differences in technology
B. differences in factor endowments
C. scale economies
D. All of the above

A. The income of one country compared to another
B. The GDP of one country compared to another
C. The quantity of exports of one country compared to another
D. Export prices compared to import prices

A. The price of goods when they leave the producing country
B. a limit on the quantity of a good that can be imported into a country
C. a tax on imports
D. a government payment to encourage exports