Multiple Choice
At the start of the twenty-first century, countries:
A) exported about one-fifth of everything they produced.
B) imported about 1 percent of everything they consumed and invested.
C) imported about 9 percent of everything they consumed and invested.
D) exported about 7 percent of everything they consumed and invested.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Historical data on international trade shows that
Q30: Which of the following statements is true?<br>A)
Q31: According to the two-country general equilibrium (PPF/indifference
Q32: The Rule of 72 says that:<br>A) a
Q33: The relative equality of per capita incomes
Q34: According to the partial equilibrium model of
Q35: Referring to partial equilibrium analysis, deadweight losses
Q36: Referring to the production possibilities frontier (PPF)
Q37: The general equilibrium model of international trade
Q38: What percentage of world output was being