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Open interest will increase each time a trade is opened and decrease each time a trade is closed.
A. True
B. False
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- A Moving to another question will save this response. Question 13 Pheef A B D D What could this graph be used to illustrate? O a. The welfare benefits when a country imports a good. O b. How to apply the Big Mac index to the trade model. O c. The welfare effects of a tariff. O d. The welfare benefits when a country exports a good. A Moving to another question will save this response. S Q beef WORLD PRICEDomestic businesses can be set up to support or supply a foreign business. O True O FalseOf the following, which is NOT an emerging-market? a. Brazil b. India c. Australia d. South Africa e. Russia
- Two countries, Korea and Vietnam, are engaging in international trade.They produce two goods: automobiles and cloth. We observe a relativeabundance of cheap labor in Vietnam and a relative abundance of capitalin South Korea. a. Assume that automobiles are capital-intensive and cloth are cheaplabor-intensive. Using the Hecksher-Ohlin theory, explain what willhappen in trade between these two countries, in terms of export andimport. c. Draw a graph that shows the above situation in South Korean economy with a P P F and two relative prices (one before trade and theother after trade). The quantity of automobiles (QAuto) is on thehorizontal axis and the quantity of cloth (QCloth) is on the verticalaxis.10 24. Suppose a small country experiences economic growth that leads to an increased willingness to trade. The country's terms of trade will _____ because the prices of its exports will_____ relative to the price that it has to pay for its imports.For The Canadian Company Embridge choose a country that it exports to (do not chose the U.S.A.) Developan understanding of this foreign country’s trade partnership with Canada by answering the following questions.1. How significant is this country to Canada’s overall trade picture?2. Is it a risky market?3. Is there an imbalance in trade (imports/exports)?4. Is there something unique about doing business with this country?5. How is the country’s economy changing?Resources: Use www.cia.gov/the-world-factbook/ orhttps://wits.worldbank.org/CountrySnapshot/en/CAN
- When the only form of protection is a tariff, then the difference between the domestic and border price is exactly equal to the tariff. Select one: a. False b. TrueRicardo Trade 7 Consider the diagram depicting production possibilities in Spain and England. At which of the following rates do both countries NOT gain from trade? England Spain Wine Wine 24 Wool Wool Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer, a 1 wine for 1 wool b 3 wine for 1 wool 1.5 wine for 1 wool d 1 wool for 1.5 wine e .5 wine for .3 woolFigure 9-1 The figure illustrates the market for coffee in Guatemala 130 88888888 140 130 120- 110 100 90 70+ S 50 RRS 40 30 89 20 10- Price & 12 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 9. Refer to Figure 9-1. With trade, Guatemala will a. export 22 units of coffee b. export 10 units of coffee. c. import 30 units of coffee. d. import 12 units of coffee. Domestic supply World price Domestic demand + 42 44 46 48 50 52 Quantity
- Refer to Figure 9-3. The increase in total surplus in China when trade is allowed is a. $500. b. $600. c. $400. d. $750.The mercantilists argued that a. Control of the money supply is the most important policy lever b. The ownership of private property is immoral c. The accumulation of gold by a nation is what mattera d. International trade should be as free as possibleNAFTA is a trade agreement between North American countries. O True O False