Which of the following statements about trade is false?
A) Trade generates political, economic, and social interdependencies between nations.
B) Most countries export more of the goods they produce than they consume at home.
C) Trade as percentage of world GDP is higher in 2016 than it was in 1990.
D) Increased trade reflects the internationalization of production.
Correct Answer:
Verified
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Q16: Which country is the world's largest exporter
Q17: According to the theory of comparative advantage,
Q19: Technically, the United States has a comparative
Q20: Which of the following is incorrect?
A) Mercantilists
Q21: A mercantilist would most likely agree with
Q22: A measure that restricts the quantity of
Q23: Which of the following is a basic
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