Which of the following countries had the smallest share of exports as a percentage of GDP in 2011?
A. Canada
B. France
C. United Kingdom
D. United States
D. United States
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An inferior good is a good whose quantity demanded
A. rises when its price falls. B. falls when the price of a related good falls. C. falls when the consumer’s total utility rises. D. rises when the consumer’s real income falls.
Which of the following statements is based on positive analysis?
a. Individuals without health insurance have less access to physicians' services than those who have health insurance. b. The high cost of health insurance places U.S. firms at a competitive disadvantage with their foreign competitors. c. Employers should be required to provide health insurance for all full-time workers and their dependents. d. none of the above. e. Both a and b.
Capital gains taxes are taxes on the profits from the rising market value of investments
a. True b. False Indicate whether the statement is true or false
The value of the best alternative to any action you undertake is referred to as its:
a. Increasing cost b. Production cost c. Resource cost d. Opportunity cost