For which of the following nations does international trade account for the largest percentage of GDP?
A) Japan
B) The Netherlands
C) Germany
D) Great Britain
E) the United States
Correct Answer:
Verified
Q14: The United States exports more raw materials
Q15: In determining comparative advantage, cost is measured
Q17: International trade equalizes the opportunity cost of
Q18: Japan is generally considered an economy closed
Q20: The two main categories of U.S.exports are
A)transportation
Q21: In autarky,
A)each country's consumption possibilities are the
Q22: The basis of the benefits of specialization
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