Multiple Choice
Which one of the following is FALSE?
A) In the U.S. economy, imports account for less than 25 percent of GDP.
B) International trade results in the transmission of ideas.
C) In the long run, imports are paid for by exports.
D) International trade promotes self sufficiency.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: The industries receiving the most import protections
Q12: Exports account for 25 percent of U.S.
Q13: Which one of the following is FALSE?<br>A)
Q14: The World _ _ is a body
Q15: The effect of a tariff is to
Q17: Quotas serve to<br>A) encourage trade.<br>B) encourage imports.<br>C)
Q18: Table 16.4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.4
Q19: Table 16.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10969/.jpg" alt="Table 16.1
Q20: If countries specialize according to their own
Q21: Restricting imports to the U.S. can preserve