Test Bank For All Chapters Answers Are At the End Of Each Chapter Chapter 1- Trade in the Global Economy 1. What country was the world's largest exporter of goods in 2014? A) China B) Germany C) the United States D) Japan
2. Which of the following is an example of trade of goods, otherwise known as trade flow? A) Robert Feenstra purchases $100 million of British treasury bonds. B) Robert Feenstra purchases a yogurt factory in France. C) Robert Feenstra purchases a British-made Range Rover. D) Robert Feenstra purchases 100 shares of Novartis AG, a Swiss pharmaceutical company.
3. Currently, which of the following countries is the world's largest exporter of goods (in dollar volume)? A) China B) the United States C) Japan D) Germany
4. Currently, which of the following countries is the world's largest exporter of goods and services (in dollar volume)? A) China B) the United States C) Japan D) Germany
5. Which of the following is an example of a service export? A) Universal Pictures licenses the right to show the movie Jurassic Park to a Chinese theater chain. B) Joan Brown migrates from the United States to Canada. C) Tom Jones purchases 100 shares of Eaton Corporation, an Irish company. D) Monique le Flambeau, a French citizen, purchases a Ford F150 while visiting the United States.
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