The gravity model offers a logical explanation for the fact that

A) trade between Asia and the U.S. has grown faster than NAFTA trade.
B) trade in services has grown faster than trade in goods.
C) trade in manufactures has grown faster than in agricultural products.
D) Intra-European Union trade exceeds international trade by the European Union.
E) the U.S. trades more with Western Europe than it does with Canada.

D

Economics

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Mary decides to buy a bond from Joe for $100. The money supply will

A) neither increase nor decrease. B) increase by more than $100. C) decrease by $100. D) increase by $100.

Economics

What factors can lead the real wage rate to be above its full-employment equilibrium level?

What will be an ideal response?

Economics