Which of the following statements is true?
(a) larger countries (in terms of size) tend to be more open (in terms of larger share of exports in GDP) than smaller countries and developing countries tend to be less open than developed economies.
(b) larger countries (in terms of size) tend to be less open (in terms of lower share of exports in GDP) than smaller countries and developing countries tend to be less open than developed economies.
(c) larger countries (in terms of size) tend to be more open (in terms of larger share of exports in GDP) than smaller countries and developing countries tend to be more open than developed economies.
(d) larger countries (in terms of size) tend to be less open (in terms of lower share of exports in GDP) than smaller countries and developing countries tend to be more open than developed economies.
D
You might also like to view...
A budget surplus means that
A. government expenditures are greater than revenues in a given year. B. government revenues are greater than expenditures in a given year. C. a nation's imports are greater than its exports. D. a nation's exports are greater than its imports.
Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice.
Suppose a timing element is added to the game, and that Jordan buys a ticket first. Then, after seeing Jordon's choice, Lee buys a ticket. What will be the equilibrium outcome?
A. Jordan will buy a ticket to the documentary and Lee will buy a ticket to the comedy. B. Jordan will buy a ticket to the comedy and Lee will buy a ticket to the documentary. C. Both Jordan and Lee will buy a ticket to the documentary D. Both Jordan and Lee will buy a ticket to the comedy.
If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change.
Answer the following statement true (T) or false (F)
Which statement is the most accurate?
A. Most welfare mothers have had child after child to get larger welfare payments. B. Most welfare families have three or more children. C. There are many theories of poverty, but none provides more than a partial explanation. D. The conservatives and liberals are in basic agreement about the causes of poverty.