Over the past 50 years, international trade, as a proportion of real GDP, has
A) declined by about 20 percent.
B) increased by about 15 percent.
C) increased by about 100 percent.
D) decreased by about 5 percent.
E) increased by about 50 percent.
Correct Answer:
Verified
Q6: Why has international trade grown more rapidly
Q7: In the last 50 years, international trade
Q8: Suppose Rose has a comparative advantage over
Q9: The share of 2015 world GDP accounted
Q10: Which of the following is the best
Q12: According to the theory of comparative advantage,
A)a
Q13: A situation in which a person or
Q14: International trade as a share of world
Q15: A person with a lower opportunity cost
Q16: Rose has an absolute advantage over Sam
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