Multiple Choice
Since 1950, the volume of world trade and the volume of world real GDP
A) have both increased at roughly the same rate.
B) have both decreased at roughly the same rate.
C) have both increased, but the volume of world trade has increased more slowly than the volume of world real GDP.
D) have both increased, but the volume of world trade has increased faster than the volume of world real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: If country A exports good X to
Q2: In comparing tariffs and quotas, we know
Q4: If Bob can produce completed mathematics homework
Q5: Consider a world of two countries producing
Q6: A legal limit on the amount of
Q7: Since 1950, the balance of trade for
Q8: Some nations avoid the effects of trade
Q9: An international agreement established in 1947 to
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q11: The ability to produce the same quantity