We see that the Netherlands, Belgium, and Ireland trade considerably more with the United States than with many other countries
A) This is explained by the gravity model, since these are all large countries.
B) This is explained by the gravity model, since these are all small countries.
C) This fails to be consistent with the gravity model, since these are small countries.
D) This fails to be consistent with the gravity model, since these are large countries.
E) This is explained by the gravity model, since they do not share borders.
C
You might also like to view...
If the price of chocolate chip cookies rises, then
A) the demand curve for chocolate chip cookies shifts rightward. B) the demand curve for chocolate chip cookies shifts leftward. C) there is a movement downward along the demand curve for chocolate chip cookies. D) there is a movement upward along the demand curve for chocolate chip cookies.
The bond supply curve is ________ sloping, indicating a(n) ________ relationship between the price and quantity supplied of bonds, everything else equal
A) downward; inverse B) downward; direct C) upward; inverse D) upward; direct
Opportunity wage refers to the
A. Income an individual loses when he or she quits a job. B. Value of goods and services that could be purchased with a certain individual's income. C. Highest wage an individual would earn in his or her best alternative job. D. Income equivalent of a volunteer worker.
One reason that variable factors of production tend to show diminishing returns in the short run is that:
A. there is only so much that can be produced using additional variable inputs when some factors of production are fixed. B. capital equipment is often idle in the short run. C. large firms cannot effectively manage their resources. D. the cost of employing additional resources increases as firms employ more of those resources.