Biology Forums - Study Force

The four criteria for economic integration include trade flows, capital flows, people flows, and the similarity of prices in separate markets.
 
  Indicate whether the statement is true or false

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Question 2 - The ratio of a country's exports to its total output (GNP or GDP)
 
  A) is known as the index of openness.
  B) provides a rough measure of the importance of international trade to that economy.
  C) if calculated for the United States would be quite low.
  D) All of the above.

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Question 3 - Economic growth would be illustrated by
 
  A) a rightward shift of aggregate demand.
  B) a leftward shift of aggregate demand.
  C) a rightward shift of aggregate supply.
  D) a leftward shift of aggregate supply.

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Question 4 - Tariff revenue is an important source of operating revenue for many governments of high income countries.
 
  Indicate whether the statement is true or false

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