Countries tend to export different goods and services because of:

a. differences in their comparative advantages.
b. differences in tastes and technological needs.
c. differences in income.
d. similarities in resource endowment.
e. differences in the exchange rates.

a

Economics

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How did the international monetary system influence macroeconomic policy-making and performance during the post-World War II years during which exchange rates were fixed under the Bretton Woods agreement (1946-1973)?

What will be an ideal response?

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According to the income approach, the largest component of national income in 2003 was

a. government purchases b. proprietor's income c. net interest d. personal consumption expenditures e. compensation of employees

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