The distances from Paris, France, to Frankfurt, Germany; Stockholm, Sweden; and Oslo, Norway, are about 400 miles, 450 miles, and 500 miles, respectively. Would you expect French trade to be greatest with Germany, Sweden, or Norway?

a. Germany
b. Sweden
c. Norway
d. Equal volumes of trade would be expected with each country.

Ans: a. Germany

Economics

You might also like to view...

If you want to have $50,000 in 5 years, how much would you need to put in your savings account now if the savings account pays 3 percent interest?

What will be an ideal response?

Economics

Refer to Figure 9.2. At price 0H and quantity Q1, the deadweight loss is

A) DGC. B) BDC. C) BGC. D) 0FGQ1. E) none of the above

Economics