Author Question: International trade A) accounts for more than 90 percent of world economic activity. B) is a ... (Read 195 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
International trade
 
  A) accounts for more than 90 percent of world economic activity.
  B) is a relatively small (about 30 percent of world output) but growing part of world economic activity.
  C) has been growing at about the same rate as the world economy.
  D) Both A and C.

Question 2

In which way are tariffs different from quotas?
 
  A) They reduce the volume of imported products.
  B) They raise the price of the imported products to consumers.
  C) They increase the domestic quantity supplied of the product.
  D) They raise government revenue.



FergA

  • Sr. Member
  • ****
  • Posts: 352
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library