The ratio of exports to GDP in the United States is small relative to that of other countries.
Answer the following statement true (T) or false (F)
True
The United States is a very large market where most production is sold domestically, so it has a low ratio of trade to GDP, while smaller countries such as Belgium have a very high trade to GDP ratio.
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Basically the United States' high rate of population growth since the time of George Washington's presidency
A. has been a drag on the United States' rate of economic growth. B. pushed up the United States' rate of unemployment. C. created a growing problem of not enough food to feed everyone. D. provided a market for the United States' farmers and manufacturers.
In the dynamic aggregated demand and aggregate supply model, if AD shifts faster than AS,
A) deflation occurs. B) stagflation occurs. C) inflation occurs. D) disinflation occurs.
A less costly alternative to protection of national defense industries would be a production subsidy
Indicate whether the statement is true or false
Firms are ________ with an economic profit of zero, they will ________ in the industry since they ________ be better off in another industry
A) satisfied, stay, won't B) unsatisfied, leave, will C) satisfied, leave, will D) unsatisfied, stay, won't