TestBanks Chapter 01: Trade in the Global Economy

TestBanks Chapter 01: Trade in the Global Economy

• = What country was the world's largest exporter of goods in

-2012?

@ China O Germany O the United States

• Japan
• = Which of the following is a trade flow?
• Robert Feenstra purchases $100 million of British

treasury bonds.

• Robert Feenstra purchases a yogurt factory in France.

@ Neither of Robert Feenstra's purchases is considered a trade flow.

• Both of Robert Feenstra's purchases are considered

trade flows.

• = Currently, which of the following countries is the world's

-largest exporter of goods (in dollar volume)?@ China

• the United States
• Japan
• Germany
• = Currently, which of the following countries is the world's

-largest exporter of goods and services (in dollar volume)?

• China

@ the United States O Japan

• Germany
• = What is the term for a capital flow that is used to purchase

-or build a tangible asset like a factory?

• migration
• service exports
• service imports

@ foreign direct investment

• = When a foreign resident purchases a good or service from

-someone in the United States, the transaction is:

@ a U.S. export.O a U.S. import.

• bilateral exchange.
• a compensating differential.

7 = Imports are:

International Economics 3e Robert Feenstra Alan Taylor (Test Bank All Chapters, 100% Original Verified, A+ Grade) All Chapters Complete files download link at the end of this file. 1 / 4

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