15. which of the following would contribute to a positive trade balance for a co

Question

15. which of the following would contribute to a positive trade balance for a country?

a. importing financial services

b.having foreign residents buy the government bonds of that country

c.importing textiles

d.having tourists visit the country

16. assume that $1=100 yen. a japanese visitor to the US wants to pay her $400 hotel bill. how many yen should she exchange in order to have enough dollars to pay the bill?

a.4,000

b.40,000

c.40

d.4

17. since the 1930s, overall tariff rates in the US have:

a. increased

b.decreased

c.become very unstable, changing week to week

d.remained unchanged

18. suppose economic stability in the US increases. this will tend to cause which of the following to occur?

a. the demand for euros will rise in the foreign exchange market

b.the demand for US dollars will rise in the foreign exchange market

c.the supply of US dollars will rise in the foreign exchange market

d.nothing will change in the foreign exchange market

19. why do free proponents applaud successful trade deflection?

a. it circumvents trade restrictions within regional trade blocs

b.it decreases incentives for trade diversion

c.it promotes more rules for origin laws

d.it increases trade restrictions within regional trade blocs

Explanation / Answer

d. having tourists visiting country would have a positive balance of trade. Because they come and spend money in the country.

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