Exports-are-goods-and-services-consumed-in-a-country-but-which-have-been-produced-in-another-country-economics-homework-help

1.Exports are goods and services consumed in a country but which have been produced in another country.

True

False

2.Imports are a negative to an economy.

True

False

3.An economy that does not allow trade is considered a/an

A	Outdated Economy

B. Market Economy

C	Communist Economy

D	Cosed Economy

E	Open Economy

4.Which of the following is not one of the top four traded goods in terms of value?

A	Smartphones

B	Automobiles

Services

Computers

E	Petrochemicals

5.Which of the following had a negative impact on trade?

A	Increased Trade agreements

B	None of these

C	Reduced trade barriers

D	Improved Transportation

6.Globalization is a modern concept that has proponents and opponents though most people have seen some positive benefits.

True

False

7.Which of the following tends to have a negative effect on trade. (Pick all correct answers)

A	Nationalization

Tarriffs

War

Dictators

E	New Technology