The economy in some countries is almost entirely dependent on trade.Question 19Select one:a.Simpleb.Compoundc.Complexd.Fragment (incomplete sentence)

Many countries rely on fossil fuels such as oil and gas because inexpensive and reliable.Question 21Select one:a.Simpleb.Compoundc.Complexd.Fragment (incomplete sentence)

5) Suppose that a "small country" experiences growth strongly biased toward its export, clothA) this will tend to worsen the country's terms of trade.B) this will tend to improve the country's terms of trade.C) this will tend to worsen terms of trade for the country's trading partner.D) this will tend to improve terms of trade for the country's trading partner.E) this will have no effect on terms of trade for the country's trading partner

An economy's ______ equals its ______.

Macroeconomic policy by one nation can be offset by the macroeconomic policy of other nations.Question 4Select one:TrueFalse

Consider a Ricardian framework with two countries, A and B, and two products, G1 and G2. The following table shows the labour requirement (in hours) for the production of G1 and G2 in both countries. G1 G2Country A 20 XCountry B Y 20After the two countries opened up to trade with each other, the relative price of G1 increased in country A.Which one of the following independent scenarios is inconsistent with this pattern of trade? Group of answer choicesX>10 & Y>30X>50 & Y>10X>20 & Y>40X>10 & Y>50