Other things equal, the level of bilateral trade between two countries will increase as their GDP:
a. rises.
b. falls.
c. stays the same.
d. becomes less equal.
Answer: a. rises.
Economics
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Points inside a production possibilities curve are ________ and ________
A) efficient; unattainable B) inefficient; unattainable C) efficient; attainable D) inefficient; attainable
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Comment on the following statement: "Capital investment decisions always involve risk."
What will be an ideal response?
Economics