If a country's GDP is $10 trillion, its exports are $1 trillion,
Its imports are $1.5 trillion, then:
A) its tradetoGDP ratio is 10%.
B) its tradetoGDP ratio is 15%.
C) its tradetoGDP is 25%.
D) its tradetoGDP is 400%.
Correct Answer:
Verified
Q41: If the tradetoGDP ratio is 38% and
Q42: Suppose that a country has a low
Q43: One way to gauge the impact of
Q44: A tax on imported goods is called:
A)a
Q47: The "first golden age" of trade was:
A)the
Q49: Which of the following ratios is used
Q50: What is the best measure of a
Q51: The SmootHawley Tariff act:
A)was passed in response
Q64: A tariff is:
A) a tax on an
Q70: The U.S. trade-to-GDP ratio is:
A) the highest
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