Author Question: It is argued that global trade tends to be more important to countries with smaller economies than ... (Read 143 times)

EY67 · **on:** Jun 30, 2018

It is argued that global trade tends to be more important to countries with smaller economies than the U.S. Is this empirically verified?

What will be an ideal response?

Question 2

________ policies seek to promote rapid industrialization by erecting high barriers to foreign goods to encourage local production,

A) Comparative advantage
B) Primary-export-led development
C) Import-substitution development
D) Outward-looking development

billybob123 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

Yes. Figure 1-2 shows exports and imports as a percentage of national income in the U.S. and five other countries and notes that International trade is even more important to most other countries than it is to the U.S.

Answer to Question 2

C

EY67 · **Reply #2 on:** Jun 30, 2018

Thank you

billybob123 · **Reply #3 on:** Jun 30, 2018

No problemo

Author Question: It is argued that global trade tends to be more important to countries with smaller economies than ... (Read 143 times)

EY67

It is argued that global trade tends to be more important to countries with smaller economies than ...

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billybob123

It is argued that global trade tends to be more important to countries with smaller economies than ...

EY67

It is argued that global trade tends to be more important to countries with smaller economies than ...

billybob123

It is argued that global trade tends to be more important to countries with smaller economies than ...