Which one of the following is FALSE?
A) In the U.S. economy, imports account for less than 25 percent of GDP.
B) International trade results in the transmission of ideas.
C) In the long run, imports are paid for by exports.
D) International trade promotes self sufficiency.
Correct Answer:
Verified
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Q39: Which one of the following is FALSE?
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Q41: Which one of the following is FALSE?
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Q42: Which one of the following is TRUE?
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Q43: An infant industry is one in which
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Q44: Table 16.6 Q45: Table 16.6
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