Author Question: The gravity model explains why A) trade between Sweden and Germany exceeds that between Sweden ... (Read 158 times)

chandani · **on:** Jun 30, 2018

The gravity model explains why

A) trade between Sweden and Germany exceeds that between Sweden and Spain.
B) countries with oil reserves tend to export oil.
C) capital rich countries export capital intensive products.
D) intra-industry trade is relatively more important than other forms of trade between neighboring countries.
E) European countries rely most often on natural resources.

Question 2

Which of the following nations DOES use the euro and participates in the Treaty on European Union?

A) Sweden
B) Denmark
C) Portugal
D) The United Kingdom
E) Norway