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Krugman - international business economics 9e - chapter 1

1. International Economics, 9e (Krugman et al.) thing 1 arrival 1.1 What Is International economics About? 1) historians of economic thought often describe ________ written by ________ and also published in ________ as the first real exposition of an economic model. A) "Of the Balance the Trade," David Hume, 1776 B) "Wealth the Nations," David Hume, 1758 C) "Wealth the Nations," Adam Smith, 1758 D) "Wealth the Nations," Adam Smith, 1776 E) "Of the Balance the Trade," David Hume, 1758 Answer: E web page Ref: 1 Difficulty: Easy question Status: brand-new 2) native 1960 come 2009, A) the U.S. Economy roughly tripled in size. B) U.S. Imports around tripled in size. C) the re-superstructure of US profession in the economy approximately tripled in size. D) U.S. Imports around tripled as compared to U.S. Exports. E) U.S. Exports roughly tripled in size. Answer: C page Ref: 1 Difficulty: Easy inquiry Status: new AACSB Codes: Dynamics of the global Economy 3) The United claims is much less dependent on profession than many other countries due to the fact that A) the United says is a relatively big country with varied resources. B) the United says is a "Superpower." C) the military power that the united States renders it less dependent ~ above anything. D) the United states invests in many other countries. E) countless countries invest in the joined States. Answer: A page Ref: 2 Difficulty: Easy question Status: new AACSB Codes: Dynamics the the worldwide Economy 1