ECON 3800 Midterm: Western Michigan ECON 380 Econ380pe1
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Please answer all of the following multiple choice questions... Thank you!
8. |
© 2013 FLVS Based on the data in the chart, which of the following scenarios presents the most efficient use of resources? (5 points) | ||||||||||||||||
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According to the chart, which country has an absolute advantage over the other countries in oil production? (5 points) | |||||||||||||||
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10. | U.S. companies have made fewer manufacturing contracts with China in the last few years, preferring other countries in the region. Which of the following is a potential reason? (5 points) | ||||||||
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11. | The U.S. government wants to restrict Nation A's access to weapons-making materials. Which of the following actions will it most likely take? (5 points) | ||||||||
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12. | Because the United States has an embargo on Cuba, (5 points) | ||||||||
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13. | Globalization increases the interdependency of the world's countries. Inflation in one country would most likely (5 points) | ||||||||
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