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Inflows, Outflows, and Restrictions Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. A _____ is a tax imposed by the government on imports coming into a country.

Question 2 2. Which of the following is NOT a variable that influences net exports?

Question 3 3. Why are capital flows significant for an economy?

Question 4 4. _____ can often disrupt or make it difficult for domestic firms to compete in various industries.

Question 5 5. Why is it NOT possible to purchase shares of General Motors on the bond market?

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Question 6 6. How do tariffs and quotas benefit a country?

Question 7 7. One of the biggest capital markets is the stock market which is associated with all of the following except

Question 8 8. Which of the following illustrates a trade surplus?

Question 9 9. The goods markets are the life force of the economy and encompasses all of the following except

Question 10 10. Which of the following is an example of a financial market?

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Question 11 11. Why is it likely that you will be able to easily trade financial bonds from the money market for cash?

Question 12 12. A _____ sets a numerical limit on how much of a product can be imported into a country.

Question 13 13. Why are protectionist strategies used in trade restrictions?

Question 14 14. If a high tariff is imposed on a specific brand of handbags coming from France, what is a likely effect of this action?

Question 15 15. Which of the following best summarizes the infant industry argument?

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Question 16 16. If the United States had $5,000,000 in exports, $10,000,000 in GDP, $3,000,000 in imports and $1,000,000 in national savings, what would the net exports be?

Question 17 17. How do quotas and tariffs impact the supply of goods available to consumers and domestic prices in general?

Question 18 18. Tariffs and quotas can also be referred to as _____.

Question 19 19. Which of the following does NOT influence the trade deficit or surplus a country experiences?

Question 20 20. Why is outsourcing often used?

Inflows, Outflows, and Restrictions Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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