Small countries tend to have higher measures of openness than larger countries because
A) their productivity is higher.
B) they are more reliant on international trade.
C) they are less reliant on international trade.
D) they are more economically diverse.
Correct Answer:
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Q2: Most of the world's population now lives
Q3: Which term describes the ability of a
Q4: What led to the sharp loss of
Q5: North Carolina produces sweet potatoes in its
Q6: Economic interdependence occurs through
A) trade.
B) protectionism.
C) war.
D)
Q7: A sudden shift from import tariffs to
Q8: International trade generally
A) decreases jobs.
B) generates income.
C)
Q9: Specialization is an advantage of
A) large-scale production.
B)
Q10: Which statement about globalization is true?
A) It
Q11: With globalization and import competition, U.S.prices generally
A)
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