Which of the following is an example of an institution whose primary concern is global stability?
A) NAFTA (North American Free Trade Agreement)
B) OPEC (Oil Producing and Exporting Countries)
C) IMF (International Monetary Fund)
D) Mekong River Commission
E) Asian Development Bank
C
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Which of the following statements about the importance of trade to the U.S. economy is false?
A) The U.S. economy is highly dependent on international trade for growth in its gross domestic product. B) Overall, about 20 percent of U.S. manufacturing jobs depend directly or indirectly on exports. C) The United States is the second largest exporter in the world. D) Since 1970, both exports and imports have steadily increased as a fraction of U.S. gross domestic product.
What is productivity? How does a country's standard of living relate to productivity?
What will be an ideal response?