Which of the following statements about international trade is correct?
A) In 1820 only 1 percent of the total value of world output was exported.
B) In 1870 international trade was equal to about 5 percent of the world's output.
C) In 1929 exports were equal to 9 percent of world GDP.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Q1: The average person lived a short life
Q3: As a percentage of total world GDP,
Q4: After the sharp increase in protectionist trade
Q5: Statistical studies that have looked at the
Q6: While the empirical studies clearly tell us
Q7: In the case of countries that have
Q8: In the case of raw material exporters,
Q9: The so-called natural resource curse is attributed
Q10: Technological progress is defined as:
A) an improvement
Q11: The term "factor accumulation" refers to:
A) the
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