1. Bydefinition,importsare a. peoplewhoworkinforeigncountries. b. goodsinwhichacountryhasanabsoluteadvantage. c. limitsplacedonthequantityofgoodsleavingacountry. d. : dDIFFICULTY: EasyLEARNING OBJECTIVES: -: InternationaltradeImportsKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: -MC-MANK082. Bydefinition,exportsare a. limitsplacedonthequantityofgoodsbroughtintoacountry. b. goodsinwhichacountryhasanabsoluteadvantage. c. peoplewhoworkinforeigncountries. d. : dDIFFICULTY: EasyLEARNING OBJECTIVES: -: InternationaltradeExportsKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: -MC-MANK083. Goodsproducedabroadandsolddomesticallyarecalled a. exports. b. imports. c. exchangerates. d. : bDIFFICULTY: EasyLEARNING OBJECTIVES: -: InternationaltradeImportsKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: -MC-MANK084. Tradebetweencountries a. allowseachcountrytoconsumeatapointoutsideitsproductionpossibilitiesfrontier. b. limitsacountry’sabilitytoproducegoodsandservicesonitsown. c. mustbenefitbothcountriesequally;otherwise,tradeisnotmut
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