Answer to Question #190262 in Macroeconomics for James

Question

QUESTION 12

The volume of international trade:

1. Has increased dramatically in the last few decades.
2. Has increased slightly in the last few decades.
3. Has decreased slightly in the last few decades
4. Has decreased dramatically in the last few decades.
5. All of the above.

QUESTION 13

It is difficult to measure the potential advantages to consumers of:

1. Having a variety of products available.
2. Having a greater degree of competition among producers.
3. Producing more efficiently.
4. All of the above.
5. Answers A and B only.

QUESTION 14

We all benefit from living in economies where:

1. Fundamental beliefs are strictly enforced.
2. People and firms can specialize and trade with each other.
3. People and firms are prevented from specializing.
4. People and firms are prevented from trading.
5. All of the above.  

Answer 1

QUESTION 12

The volume of international trade:

1. Has increased dramatically in the last few decades.

QUESTION 13

It is difficult to measure the potential advantages to consumers of:

5.Answers A and B only.

QUESTION 14

We all benefit from living in economies where:

2.People and firms can specialize and trade with each other.