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Past Exam for ECN 162 - Intl Econ Relations with Chu at UC Davis (UCD)

Exam Information

Material Type:Final
Professor:Chu
Class:ECN 162 - Intl Econ Relations
Subject:Economics
University:University of California - Davis
Term:Summer 2008
Keywords:
  • Capital Intensive
  • Capital-Intensive
  • Home Country
  • Buying Power
  • Immediately
  • Following Question
  • Appreciated
  • Perspective
  • Expected Rate
  • Financial Assets
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Sample Document Text

Page 1 University of California, Davis ECN 162: International Economic Relations Summer Session 2, 2008, Zhiyuan Li & Ling Feng FINAL EXAMINATION Name: __________________________ Date: _____________ 1. A result of an exchange rate increase (depreciation), _____ would occur as the spending patterns change in response to a change in the exchange rate. A) expenditure switching from domestic to foreign products B) expenditure switching from foreign to domestic products C) expenditure switching from rural to urban producers D) terms-of-trade deterioration 2. Which of the following is not an effect of an import tariff? A) It increases producer surplus by raising the market price and allowing more production. B) It raises government revenue. C) It reduces consumer surplus by raising the market price. D) It improves efficiency in the economy overall because it saves high-paying jobs. 3. An increase in home country's income will result in a _____ in t...

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