According to the gravity model, a characteristic that tends to affect the probability of trade existing between any two countries is
A) their cultural affinity.
B) the average weight/value of their traded goods.
C) their colonial-historical ties.
D) the distance between them.
E) the number of different product varieties produced by their industries.
Correct Answer:
Verified
Q4: The gravity model suggests that over time
A)
Q5: In the early 20th century, the United
Q6: In general, which of the following do
Q7: Why does the gravity model work?
A) Large
Q8: In the current Post-Industrial economy, international trade
Q10: In the past half century, the developing
Q11: The gravity model offers a logical explanation
Q12: Since the early 1970s, world's trade as
Q13: When comparing the composition of world trade
Q14: The Services sector has been steadily rising
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents