In 2003, the US had the largest total amount of imports from and exports to

Related MCQs

• The records of exports and imports in goods and services and transfer payments is known as
• The trade theory that states that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called
• Govt. policy about exports and imports is called:
• Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies. This is because, unlike domestic subsidies, import tariffs and quotas:
• Approximately what percent of US imports occur through transactions conducted by a multinational corporation?
• On the balance-of-payments statements, merchandise imports are classified in the:
• A fall in the value of the pound is likely to decrease spending on imports if:
• Net exports equal:
• Given below is a table whowing the maximum amount of wheat and cloth that the U K and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S Bushels of wheat 50 120 Meters of Cloth 150 80
• The European Union has grown to be one of the world's largest trading blocs and markets. What is the approximate size of the population of the EU?