Small economies tend to be more open than large economies because they rely more heavily on international trade for their economic growth and development. Large economies, on the other hand, have more diverse sources of revenue and may be less dependent on international trading relationships.

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As a General Rule

Question 11

Multiple Choice

As a general rule,

A) large economies tend to be more open than small economies
B) small economies tend to be more open than large economies
C) small economies tend to export more services than goods
D) small economies tend to have greater diversity of exports than large economies
E) small economies tend only to trade with each other, and large economies tend to do the same

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