Test Bank + Solution manual
Book Name: International Economics Theory and Policy
Edition :11th Edition
Author name: Paul R. Krugman ,Maurice Obstfeld, Marc Melitz,
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Check the sample in the description
International Economics: Theory and Policy, 11e, Global Edition (Krugman et al.)
Chapter 1 Introduction
1.1 What Is International Economics About?
1) Historians of economic thought often describe ________ written by ________ and published in ________ as the first real exposition of an economic model.
- A) “Of the Balance of Trade,” David Hume, 1776
- B) “Wealth of Nations,” David Hume, 1758
- C) “Wealth of Nations,” Adam Smith, 1758
- D) “Wealth of Nations,” Adam Smith, 1776
- E) “Of the Balance of Trade,” David Hume, 1758
Answer: E
Page Ref: 29
Difficulty: Easy
2) From 1950 to 2015
- A) the U.S. economy roughly tripled in size.
- B) U.S. imports roughly tripled in size.
- C) the share of U.S. trade in the global economy roughly tripled in size.
- D) U.S. imports roughly tripled as compared to U.S. exports.
- E) U.S. exports roughly tripled in size.
Answer: C
Page Ref: 29
Difficulty: Easy
3) The United States is less dependent on trade than most other countries because
- A) the United States is a relatively large country with diverse resources.
- B) the United States is a “Superpower.”
- C) the military power of the United States makes it less dependent on anything.
- D) the United States invests in many other countries.
- E) many countries invest in the United States.
Answer: A
Page Ref: 30
Difficulty: Easy
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