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ECO 365 WEEK 5 KNOWLEDGE CHECK
By www.studentwhiz.com
Copyright. All Rights Reserved by www.StudentWhiz.com
Questions to ECO 365 Week 5 Knowledge Check are as
follow:
1. What problem do economists see with free trade
areas such as...
Want to check out the complete paper..?? Visit ECO 365
Week 3 Complete
3. Mexico has a comparative advantage in producing ...
5. In the United States globalization has
I. played a significant role in growing income disparity
because some sectors ha...
7. World trade declined in the 1930s. Which of the following
is the best explanation of that decline?
I. World income shra...
9. When a U.S. company establishes a call center in India
that answers its customer service calls, the United States
is
I....
ECO 365 Week 1 DQ 1
ECO 365 Week 1 DQ 2
ECO 365 Week 1 DQ 3
ECO 365 Week 1 Knowledge Check
ECO 365 Week 1 Complete
ECO 365...
ECO 365 Week 4 DQ 2
ECO 365 Week 4 DQ 3
ECO 365 Week 4 Individual Assignment
Differentiating Between Market Structures
ECO...
ECO 365 WEEK 5 KNOWLEDGE
CHECK
By www.studentwhiz.com
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ECO 365 Week 5 Knowledge Check

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www.StudentWhiz.com The ECO 365 week 5 knowledge check is dedicated to make the understanding of the students more clear towards the basics of Economics. The assignment dealt with making the students identify the principles of micro and macroeconomics.

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ECO 365 Week 5 Knowledge Check

  1. 1. ECO 365 WEEK 5 KNOWLEDGE CHECK By www.studentwhiz.com Copyright. All Rights Reserved by www.StudentWhiz.com
  2. 2. Questions to ECO 365 Week 5 Knowledge Check are as follow: 1. What problem do economists see with free trade areas such as I. NAFTA and the European Union? II. They tend to lead to free trade rather than fair trade. III. They can lead to regional trading blocs then restrict trade. They lead to globalization. IV. They encourage countries to rely on others rather than being self-sufficient 2. A group of countries that allows free trade among its members and puts up common barriers against all other countries' goods is Called I. a tariff-free zone II. a most-favored nation agreement III. an autarky IV. a free trade association Copyright. All Rights Reserved by www.StudentWhiz.com
  3. 3. Want to check out the complete paper..?? Visit ECO 365 Week 3 Complete 3. Mexico has a comparative advantage in producing corn I. if its opportunity cost of producing corn is higher than the opportunity cost in other countries II. if its opportunity cost of producing corn is the same as the opportunity cost in other countries III. if its opportunity cost of producing corn is lower than opportunity cost in other countries IV. regardless of the opportunity cost in other countries 4. Workers in education, health care, and government sectors have I. seen their incomes fall just like in manufacturing II. been mostly hurt from globalization III. benefited from globalization in terms of lower consumer prices IV. been hurt because the sector has been shrinking Copyright. All Rights Reserved by www.StudentWhiz.com
  4. 4. 5. In the United States globalization has I. played a significant role in growing income disparity because some sectors have benefited and others have not II. played little role in growing income disparity because all Americans are consumers who have enjoyed lower prices III. played a significant role in growing income disparity because foreign workers' incomes have risen IV. played little role in growing income disparity because while some jobs were lost, the gain in jobs balanced out those that were lost Click here to download ECO 365 Week 5 Learning Team Reflections Global Competition 6. Most economists I. oppose free trade II. favor free trade III. have no opinion on free trade IV. Would prefer to have no trade with other nations Copyright. All Rights Reserved by www.StudentWhiz.com
  5. 5. 7. World trade declined in the 1930s. Which of the following is the best explanation of that decline? I. World income shrank and trade restrictions increased. II. World income shrank, but there were few changes in trade Restrictions III. Trade restrictions increased, but there was little change in world income IV. The incomes of most nations increased, allowing them to become more self-sufficient. Want to see the complete Quiz or Knowledge Check..?? Click ECO 365 Final Exam Knowledge Check 8. As a country develops economically, what changes usually take place in the goods it exports? I. There is little change because comparative advantage does not change. II. Raw materials and agricultural products decline in importance and are replaced by services and manufactured goods. III. Services and manufactured goods decline in importance and are replaced by raw materials and agricultural products. IV. Exports go from being diversified to being specialized in whatever the country finds to be its comparative advantage. Copyright. All Rights Reserved by www.StudentWhiz.com
  6. 6. 9. When a U.S. company establishes a call center in India that answers its customer service calls, the United States is I. outsourcing, a form of importing services II. outsourcing, a form of exporting services III. in sourcing, a form of importing services IV. in sources, a form of exporting services About Author This article covers the topic for the University Of Phoenix ECO 365 Week 5 Knowledge Check. The author is working in the field of education from last 5 years. This article covers the basic of ECO 365 Final Exam Knowledge Check from UOP. Other topics in the class are as follows: Copyright. All Rights Reserved by www.StudentWhiz.com
  7. 7. ECO 365 Week 1 DQ 1 ECO 365 Week 1 DQ 2 ECO 365 Week 1 DQ 3 ECO 365 Week 1 Knowledge Check ECO 365 Week 1 Complete ECO 365 Week 2 DQ 1 ECO 365 Week 2 DQ 2 ECO 365 Week 2 DQ 3 ECO 365 Week 2 Individual Assignments ECO 365 Week 2 Learning Team Reflection Production and Cost Analysis ECO 365 Week 2 Knowledge Check ECO 365 Week 2 Complete ECO 365 Week 3 DQ 1 ECO 365 Week 3 DQ 2 ECO 365 Week 3 Learning Team Current Market Conditions Competitive Analysis ECO 365 Week 3 Learning Team Reflection Market Structure ECO 365 Week 3 Knowledge Check ECO 365 Week 3 Complete Copyright. All Rights Reserved by www.StudentWhiz.com
  8. 8. ECO 365 Week 4 DQ 2 ECO 365 Week 4 DQ 3 ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures ECO 365 Week 4 Learning Team Reflection Public Policy in Economics ECO 365 Week 4 Knowledge Check ECO 365 Week 4 Complete ECO 365 Week 5 DQ 1 ECO 365 Week 5 DQ 2 ECO 365 Week 5 DQ 3 ECO 365 Week 5 Learning Team Competitive Strategies and Government Policies ECO 365 Week 5 Learning Team Reflections Global Competition ECO 365 Week 5 Knowledge Check ECO 365 Week 5 Complete Want to check other classes..?? Visit www.StudentWhiz.com Copyright. All Rights Reserved by www.StudentWhiz.com
  9. 9. ECO 365 WEEK 5 KNOWLEDGE CHECK By www.studentwhiz.com

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