EBK INTERNATIONAL ECONOMICS
7th Edition
ISBN: 9780134523873
Author: Gerber
Publisher: YUZU
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Chapter 1, Problem 5SQ
To determine
Relative and absolute measurement of trade and capital flows.
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Which of the following tends to increase trade between countries?a) Larger gross domestic product.b) Linguistic affinity.c) Well-controlled borders between countries.d) Cultural affinity.e) Strict financial market regulation
Discuss the importance of terms of trade for countries.
True or false question below.
A country's level of trade is measured by exports as a percentage of GDP.
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EBK INTERNATIONAL ECONOMICS
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