The two neighbors of the United States do a lot more trade with the United States than European economies of equal size.
A) This contradicts predictions from gravity models.
B) This is consistent with predictions from gravity models.
C) This is irrelevant to any inferences that may be drawn from gravity models.
D) This is because these neighboring countries have exceptionally large GDPs.
E) This relates to Belgium's trade record with the U.S.
Question 2 - The rarest migration pattern is for people to move permanently from
A) poor countries to richer countries.
B) poor countries to other poor countries.
C) rich countries to poor countries.
D) rich countries to other rich countries.
Question 3 - Starting from a situation where country A which exports good S and imports good T has a larger trade triangle than country B, explain how the process of reciprocal demand leads to international trade equilibrium.
What will be an ideal response?
Question 4 - The founding document of the European Economic Community, and the document that continues to provide the basis for the European Union is the
A) Treaty of Brussels.
B) Delors Report.
C) Treaty of Rome.
D) Single European Treaty.
E) Maastricht Treaty.
Question 5 - Based on Table 9.1, the statistical discrepancy is
A) +100.
B) +200.
C) 0.
D) -100.
E) -200.
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