Which of the following statements is most likely true?
a. In recent decades, the export/GDP ratio has generally fallen, both worldwide and for the U.S. economy.
b. In recent decades, the export/GDP ratio has generally risen worldwide, but not for the U.S. economy.
c. In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy.
d. In recent decades, the export/GDP ratio has generally fallen worldwide, but not for the U.S. economy.
c. In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy.
In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy.
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Rivalry among firms would tend to be high if
a. There is a small number of firms in the market b. There is a large number of firms in the market c. There is only one firm in the market d. None of the above
Firms are more likely to collude when the economy is in a recession.
Answer the following statement true (T) or false (F)