Why do larger countries tend to have lower ratios of international trade to GDP than smaller countries?
A) Larger countries tend to have more trade between states or provinces within their borders than smaller countries.
B) Larger countries tend to have higher tariffs than smaller countries.
C) Larger countries tend to trade with other larger countries.
D) Larger countries tend to have larger trade deficits than smaller countries.
Correct Answer:
Verified
Q62: Suppose that a country has a low
Q63: What is the best measure of a
Q64: A tariff is:
A) a tax on an
Q65: What do economists call factors that reduce
Q66: The Smoot-Hawley Tariff Act:
A) was passed in
Q68: The "first golden age" of trade was:
A)
Q69: Which of the following countries had the
Q70: The U.S. trade-to-GDP ratio is:
A) the highest
Q71: Which of the following nations had the
Q72: What ushered in the "second golden age"
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents