1.The US government subsidies distort the global market and give American producers a tremendous advantage aimed at limiting cotton apparel imports from Japan to the U.S. True False

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 16SCQ: Both the United States and global economies are booming. Will U.S. imports and/or exports increase?
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1.The US government subsidies distort the global market and give American producers a tremendous advantage aimed at limiting cotton apparel imports from Japan to the U.S.

True

False

2.Although it only constituted eight percent of Nigeria’s exports in 1961, ______ represented eighty percent of Nigeria’s government revenue by 1974.

oil exports

industrial goods

agriculture

services

3.The Bretton Woods Conference envisioned the creation of all of the following institutions, except…?

The International Monetary Fund (IMF).

The International Trade Organization (ITO).

The Bretton Woods Conference envisioned the creation of all three of these institutions

The World Bank.

4.In 2007, the ________ experienced a decline in the influx of money, a drop in the interest income, and a deficit of about $400 million a year.

International Monetary Fund

The United Nations Development Index

The World Trade Organization

World Bank

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