ECO 365 Week 5 Knowledge Check
ECO 365 Week 5 Knowledge
Check
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ECO 365 Week 5 Knowledge Check
Questions to
ECO 365 Week 5 Knowledge Check are as follow: 1. 1 What problem do economists see with
free trade areas such as NAFTA and the
European Union?
2. They tend to lead to free trade rather than fair
trade.
3. They can lead to regional trading blocs then restrict trade.
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4. They lead to globalization. www.StudentWhiz.com 5. They encourage countries to rely on others
2. A group of countries that allows free trade among its members and puts up common barriers against all other countries' goods is
Called
1. a tariff-free zone
2. a most-favored nation agreement
3. an autarky
4. a free trade association
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ECO 365 Week 3 Complete
3. Mexico has a comparative advantage in producing corn
5. if its opportunity cost of producing corn is higher than the opportunity cost in other countries
6. if its opportunity cost of producing corn is the same as the opportunity cost in other countries
7. if its opportunity cost of producing corn is lower than opportunity in other countries Copyright.
Allcost
Rights
Reserved
by www.StudentWhiz.com 8. regardless of the opportunity cost in other countries
4. Workers in education, health care, and government sectors have
1. seen their incomes fall just like in
manufacturing
2. been mostly hurt from globalization
3. benefited from globalization in terms of lower consumer prices
Copyright.
All Rights by 4. been hurt because the Reserved sector has been shrinking www.StudentWhiz.com
5. In the United States globalization has
1. played a significant role in growing income
disparity because some sectors have benefited and others have not
2. played little role in growing income disparity because all Americans are consumers who have enjoyed lower prices
3. played a significant role in growing income disparity because
Check
By www.StudentWhiz. com
Copyright. All Rights Reserved by www.StudentWhiz.com
ECO 365 Week 5 Knowledge Check
Questions to
ECO 365 Week 5 Knowledge Check are as follow: 1. 1 What problem do economists see with
free trade areas such as NAFTA and the
European Union?
2. They tend to lead to free trade rather than fair
trade.
3. They can lead to regional trading blocs then restrict trade.
Copyright.
All Rights Reserved by
4. They lead to globalization. www.StudentWhiz.com 5. They encourage countries to rely on others
2. A group of countries that allows free trade among its members and puts up common barriers against all other countries' goods is
Called
1. a tariff-free zone
2. a most-favored nation agreement
3. an autarky
4. a free trade association
Want to check out the complete paper..?? Visit
ECO 365 Week 3 Complete
3. Mexico has a comparative advantage in producing corn
5. if its opportunity cost of producing corn is higher than the opportunity cost in other countries
6. if its opportunity cost of producing corn is the same as the opportunity cost in other countries
7. if its opportunity cost of producing corn is lower than opportunity in other countries Copyright.
Allcost
Rights
Reserved
by www.StudentWhiz.com 8. regardless of the opportunity cost in other countries
4. Workers in education, health care, and government sectors have
1. seen their incomes fall just like in
manufacturing
2. been mostly hurt from globalization
3. benefited from globalization in terms of lower consumer prices
Copyright.
All Rights by 4. been hurt because the Reserved sector has been shrinking www.StudentWhiz.com
5. In the United States globalization has
1. played a significant role in growing income
disparity because some sectors have benefited and others have not
2. played little role in growing income disparity because all Americans are consumers who have enjoyed lower prices
3. played a significant role in growing income disparity because