For the United states, exports plus imports are about _____ of its gross national product?

Related Mcqs:

International trade forces domestic firms to become more competitive in terms of ?

A. The introduction of new products B. Product design and quality C. Product price D. All of the above...

Which American industry has least been affected by import competition in recent years ?

A. Automobiles B. Steel C. Radios and TVs D. Computer software...

If there is a balance of payments deficit then in a floating exchange rate system ?

A. The external value of the currency would tend to fall B. The external value of the currency would tend to rise C. The injections from trade are greater then the withdrawals D. Aggregate demand is increasing...

A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

A. Import-competing industries B. Industries that are only exporters C. Industries that sell domestically as well as export D. industries that neither import nor export...

International difference is opportunity costs lead to countries acquiring ?

A. Comparative advantage B. High exchange rates C. trade barriers D. trade quotas...