Which of the following is NOT a reason why countries import goods or services? E

Question

Which of the following is NOT a reason why countries import goods or services? Essential goods or services are not naturally available or cannot be the produced at home. Essential goods or services can be produced cheaper or more efficiently in other countries and thus sold at lower prices. Some consumers prefer imported versions of certain goods (e.g. wine, cheese). importing goods or services prevents the imposition of exchange controls by the importing country. What, in essence, does the theory of competitive advantage state? It states that only countries, which are well-endowed in labor, capital and land can gain from trade. It states that all countries gain from trade with each other, regardless of how they are in labor, capital and land, and regardless of how efficiently they can produce any particular good. It states that only countries, which are lacking in labor, capital and land can gain from trade. None of the above. Which of the following is NOT a reason why trade deficits are seen as harmful? They represent an expenditure of future growth, since investments in future growth is being traded for consumption in the present. They are often viewed an a sign of a country's economic weakness, as they are said to reflect an excessive reliance an products made by others as a result of the home country's inefficient economic output. Major trade deficits lower a country's living standards. Large trade deflects lower a create more favorable conditions for a. International investment (or capital flower) can be divided into four principal categories. Which of the following is NOT of ? Commercial loans (e. g. bank loans issued to foreign businesses or governments). Official flows (e. g. developing). Duration investment. Foreign direct investment (FDI)

Explanation / Answer

16) B

17) A

18) C

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