Uop ECO 372 Week 5 knowledge Check NEW
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<strong>Uop</strong> <strong>ECO</strong> <strong>372</strong> <strong>Week</strong> 5 <strong>knowledge</strong> <strong>Check</strong> <strong>NEW</strong><br />
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1.In the U.S. current account, most of the trade deficit results from an excess of<br />
imported<br />
2.What is the difference between the balance of trade and the balance of payments?<br />
3.If a government has implemented significantly higher trade tariffs, but does not<br />
want this action to affect the value of its currency, it will<br />
4. During 2007, the United States and Japan announced possible limits on Chinese<br />
imports through higher tariff rates on Chinese products. To avoid these limits, China<br />
would have to<br />
5.If a country wants to prevent its exchange rate from falling, it could<br />
6.All other things being equal, an increase in trade restrictions on imports will
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