Economist Jan Tinbergen developed a formula, called ______, to predict which nations would engage in bilateral trade.
a. the trade deficit equation
b. the index of equality
c. the Tinbergen ratio
d. the gravity equation of trade
Ans: d. the gravity equation of trade
Economics
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The present value of a promise to pay $5,000 every year forever when the prevailing interest rate is 10 percent equals
a. $5,000 b. $50,000 c. $100,000 d. $250,000 e. $500,000
Economics
The opportunity cost of holding money is measured by the:
a. interest rate b. liquidity lost by holding money. c. money supply curve. d. inflation rate. e. cost of cashing in financial assets.
Economics