| 1.By specializing in the production of particular goods in which it has a comparative advantage, a nation is:2.Net exports equal3.If each nation specializes and produces those goods in which it has a(n) _______ advantage and trades with other countries, global production will be _______.4.Under a gold standard exchange rate system, a nation’s money supply is regulated by 5.If two countries participate in free trade: 6.Which of the following is not a trade barrier?7.A tax imposed by a country on an imported good or service is called a8.The concept of comparative advantage is based upon:9.The purchase of U.S. goods by foreigners generated a demand for U.S. dollars in the foreign currency market.10.If income increases in other countries, then U.S. |
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