1 / 9

ECO 365 Week 5 Knowledge Check

Handling a surplus as well as dealing effectively with the deficiency in the Economy is among the major concerns leading to maintaining the equilibrium price that assignment tends to highlights for its clients.

studentwhiz
Download Presentation

ECO 365 Week 5 Knowledge Check

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. By www.studentwhiz.com ECO 365 Week 5 Knowledge Check Copyright. All Rights Reserved by www.StudentWhiz.com

  2. Questions to ECO 365 Week 5 Knowledge Check are as follow: What problem do economists see with free trade areas such as NAFTA and the European Union? They tend to lead to free trade rather than fair trade. They can lead to regional trading blocs then restrict trade. They lead to globalization. They encourage countries to rely on others rather than being self-sufficient 2. A group of countries that allows free trade among its members and puts up common barriers against all other countries' goods is Called a tariff-free zone a most-favored nation agreement an autarky a free trade association Copyright. All Rights Reserved by www.StudentWhiz.com

  3. Want to check out the complete paper..?? Visit ECO 365 Week 3 Complete 3. Mexico has a comparative advantage in producing corn if its opportunity cost of producing corn is higher than the opportunity cost in other countries if its opportunity cost of producing corn is the same as the opportunity cost in other countries if its opportunity cost of producing corn is lower than opportunity cost in other countries regardless of the opportunity cost in other countries 4. Workers in education, health care, and government sectors have seen their incomes fall just like in manufacturing been mostly hurt from globalization benefited from globalization in terms of lower consumer prices been hurt because the sector has been shrinking Copyright. All Rights Reserved by www.StudentWhiz.com

  4. 5. In the United States globalization has played a significant role in growing income disparity because some sectors have benefited and others have not played little role in growing income disparity because all Americans are consumers who have enjoyed lower prices played a significant role in growing income disparity because foreign workers' incomes have risen played little role in growing income disparity because while some jobs were lost, the gain in jobs balanced out those that were lost Click here to download ECO 365 Week 5 Learning Team Reflections Global Competition 6. Most economists oppose free trade favor free trade have no opinion on free trade Would prefer to have no trade with other nations Copyright. All Rights Reserved by www.StudentWhiz.com

  5. 7. World trade declined in the 1930s. Which of the following is the best explanation of that decline? World income shrank and trade restrictions increased. World income shrank, but there were few changes in trade Restrictions Trade restrictions increased, but there was little change in world income The incomes of most nations increased, allowing them to become more self-sufficient. Want to see the complete Quiz or Knowledge Check..?? Click ECO 365 Final Exam Knowledge Check 8. As a country develops economically, what changes usually take place in the goods it exports? There is little change because comparative advantage does not change. Raw materials and agricultural products decline in importance and are replaced by services and manufactured goods. Services and manufactured goods decline in importance and are replaced by raw materials and agricultural products. Exports go from being diversified to being specialized in whatever the country finds to be its comparative advantage. Copyright. All Rights Reserved by www.StudentWhiz.com

  6. 9. When a U.S. company establishes a call center in India that answers its customer service calls, the United States is outsourcing, a form of importing services outsourcing, a form of exporting services in sourcing, a form of importing services in sources, a form of exporting services About Author This article covers the topic for the University Of Phoenix ECO 365 Week 5 Knowledge Check. The author is working in the field of education from last 5 years. This article covers the basic of ECO 365 Final Exam Knowledge Check from UOP. Other topics in the class are as follows: Copyright. All Rights Reserved by www.StudentWhiz.com

  7. ECO 365 Week 1 DQ 1 ECO 365 Week 1 DQ 2 ECO 365 Week 1 DQ 3 ECO 365 Week 1 Knowledge Check ECO 365 Week 1 Complete ECO 365 Week 2 DQ 1 ECO 365 Week 2 DQ 2 ECO 365 Week 2 DQ 3 ECO 365 Week 2 Individual Assignments ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis ECO 365 Week 2 Knowledge Check ECO 365 Week 2 Complete ECO 365 Week 3 DQ 1 ECO 365 Week 3 DQ 2 ECO 365 Week 3 Learning Team Current Market Conditions Competitive Analysis ECO 365 Week 3 Learning Team Reflection Market Structure ECO 365 Week 3 Knowledge Check ECO 365 Week 3 Complete Copyright. All Rights Reserved by www.StudentWhiz.com

  8. ECO 365 Week 4 DQ 2 ECO 365 Week 4 DQ 3 ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures ECO 365 Week 4 Learning Team Reflection Public Policy in Economics ECO 365 Week 4 Knowledge Check ECO 365 Week 4 Complete ECO 365 Week 5 DQ 1 ECO 365 Week 5 DQ 2 ECO 365 Week 5 DQ 3 ECO 365 Week 5 Learning Team Competitive Strategies and Government Policies ECO 365 Week 5 Learning Team Reflections Global Competition ECO 365 Week 5 Knowledge Check ECO 365 Week 5 Complete Want to check other classes..?? Visit www.StudentWhiz.com Copyright. All Rights Reserved by www.StudentWhiz.com

  9. By www.studentwhiz.com ECO 365 Week 5 Knowledge Check

More Related