The basic motivation for international trade is that:
A) an economy values goods other economies produce more than they value their own excess production.
B) people like to consume a limited basket of goods.
C) people like to consume an extended basket of goods.
D) economies value goods that other economies produces less than they value what they produce.
E) economies value goods that other economies produce more than they value what they themselves produce.
Correct Answer:
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Q9: Which of the following country(ies)has (have)export and
Q10: Imports' share of GDP is about _
Q12: The difference between exports and imports is
Q13: Which of the following had a trade
Q14: Worldwide, the trade balance must be:
A) unsure.
B)
Q15: If Country A runs a trade deficit
Q16: Over time,the "economic distance" between countries has:
A)remained
Q17: With trade,
A)an economy can realize higher welfare.
B)an
Q18: Prior to 1975,the United States had:
A)balanced trade.
B)a
Q19: About _ percent of the U.S.GDP is
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