(Figure: Imports and Exports) During the 2008 to 2009 financial crisis, exports as a share of GDP fell in the United States. Which of the following could explain this phenomenon?
A) The percentage decrease in exports was greater than the percentage decrease in GDP.
B) The percentage decrease in exports was less than the percentage decrease in GDP.
C) The percentage increase in exports was greater than the percentage decrease in GDP.
D) The percentage increase in exports was less than the percentage decrease in GDP.
Correct Answer:
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Q27: (Figure: Imports and Exports) From 1930 to
Q28: (Figure: Imports and Exports) During the 2008
Q30: Which of the following is NOT a
Q31: Which of the following is NOT a
Q32: Which of the following is a source
Q33: Which of the following is a source
Q34: The United States has a comparative advantage
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