This document provides a link to tutorial guidelines and knowledge check questions for a UOP ECO 372 week 5 assignment. It includes 5 multiple choice questions related to international trade concepts like the current account, balance of trade, balance of payments, and the effects of tariffs and exchange rates. The questions cover the differences between balance of trade and balance of payments, how a government can affect its currency value despite trade tariffs, and policy options a country has to prevent its exchange rate from falling in response to trade restrictions.

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