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Confucianism became the state philosophy in what country?

A. China

B. United States

C. Iran 

D. Mexico

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Joshua Stredder
Joshua StredderLv10
4 Oct 2020
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Related questions

_____ is the dominant market for Canadian goods.

a. China

b. Mexico

c. The European Union

d. The United States

Suppose with free trade, the United States importing a backpack from Mexico costs $10, and the cost of importing a backpack from China costs $9, while a backpack produced in the US costs $14. Before NAFTA (members are US-Canada-Mexico), the US maintained a tariff of $60 against all backpack imports. Then under NAFTA, all tariffs between the US and Mexico are removed, while the tariff against China remains in effect. Assume that tariff does not affect the world price of a backpack.

1. Before NAFTA, the US imported backpack from:

a. China b. Both Mexico and china c. Mexico d. Neither Mexico nor China?

2. Under NAFTA, the US imports backpack from:

a. both Mexico and china b. neither Mexico nor china c. Mexico d. china?

3. As a result of NAFTA, consumers in the US (Loses- Gains - Neither Lose nor gain)? , and the US government (Loses -Gain -Neither gains nor loses) ? tariff revenue. Mexico (neither gain nor lose - gain- lose)? And china (gain - lose -neither gain nor lose)?

4. This is an example of trade (creation - diversion)? Resulting from a regional agreement.

 

 

Please answer all of the following multiple choice questions... Thank you!

8.

Hours to Produce One Unit
Worker hours to produce yarn Worker hours to produce fabric Additional worker hours to produce fabric instead of yarn
Country A

8

12

?
Country B

4

13

?

© 2013 FLVS

Based on the data in the chart, which of the following scenarios presents the most efficient use of resources? (5 points)
Country A produces yarn and fabric, and Country B imports both
Country A produces yarn, and Country B produces fabric
Country B produces yarn, and Country A produces fabric
Country B produces yarn and fabric, and Country A imports both
9.
Worker hours to produce one unit of oil Worker hours to produce one unit of natural gas
Brazil

8

4
Argentina

10

2
Mexico

7

3
United States

6

1

According to the chart, which country has an absolute advantage over the other countries in oil production? (5 points)
Brazil
Mexico
Argentina
United States
10. U.S. companies have made fewer manufacturing contracts with China in the last few years, preferring other countries in the region. Which of the following is a potential reason? (5 points)
China has most-favored-nation trade status with the United States.
China has large reserves of cheap labor and can produce inexpensive goods.
China's standard of living has increased, and workers are requesting more pay.
Shipping costs from China over the Pacific Ocean have decreased.
11. The U.S. government wants to restrict Nation A's access to weapons-making materials. Which of the following actions will it most likely take? (5 points)
Establish a free-trade zone with Nation A
Impose tariffs on certain goods imported from Nation A
Institute an embargo on trade in certain items with Nation A
Place a quota on certain types of goods Nation A can export
12. Because the United States has an embargo on Cuba, (5 points)
the United States regularly increases the taxes on Cuban imports
Cuba exports the majority of Cuban products to American companies
virtually no Cuban products are legally available in the United States
Cuba must sell products directly to state governments in the United States
13. Globalization increases the interdependency of the world's countries. Inflation in one country would most likely (5 points)
not impact inflation in other countries
cause deflation in other countries
result in stagflation in other countries
relate to inflation in other countries

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