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Please help me answer theses practice questions

QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the videoQUESTION 6 If Country X has a nominal (nominal means stated, or without any adjustments) GDP of $20,000, Country Y has a nomiQUESTION 11 Which of the following provides a definition of PPP: the exchange rate between countries the trade surplus or defQUESTION 15 which of the following allows banks to increase the money supply: loans made for a variety of products (e.g. carsQUESTION 20 According to the lecture slides, Which of the following religions did the Silk Route help spread into China? JainQUESTION 25 Which of the following thinkers is associated with comparative advantage: Marx Malthus Krugman Ricardo Smith QUESQUESTION 30 Which of the following concepts is predicated upon opportunity cost: absolute advantage extemality fiscal policyQUESTION 35 Which of the following concepts is concerned the idea that the price of goods and services tend to rise with timeQUESTION 40 Which of the following entities sets the reserve ratio in the US? The World Bank WTO GATT The Federal Reserve IMFQUESTION 44 Based on the class slides on demographic transitions, Populationg growth is slowest and sometimes negative duringQUESTION 48 Which of the following concepts is concerend with average number of children a woman can be expected to have duriQUESTION 52 Which of the following is NOT typically related to economic development in poorer countries? O family planning av

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Answer #1

2 - Option C

Protectionist policy such as tariff

This policy will protect the domestic industries from the foreign competition. The other options will increase the productivity but not protect. This tariff will be imposed by the government.

3 - Option E

Germany

US has a trade deficit with Germany among the European countries. The other countries do not have trade surplus with US.

4 - Option C

The open market operation by fed to buy the bonds from the banks.

This will increase the money supply and control the slow down. The other options will worsen the condition.

5 - Option A

WTO

This organisation has been established specifically for solving the trade disputes in between the countries. The other countries are not formed for this purpose.

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