Please help me to find the correct answer for these questions Thanks tem ret gro
ID: 1134232 • Letter: P
Question
Please help me to find the correct answer for these questions
Thanks tem ret grown. owner gricult s no it 7) Why does the gravity model work? A) Large economies became large because they were engaged in international trade. B) Large economies have relatively large incomes, and hence spend more on government ated f ragme value e lab tion, cial promotion of trade and investment. C) Large economies have relatively larger areas which raises the probability that a productive activity will take place within the borders of that country DLarge economies tend to have large incomes and tend to spend more on imports. Large economies tend to avoid trading with small economies. 8) 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. an n pc This is consistent with predictions from gravity models. ) 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 tio 10 9) Since World War II, the relative importance of raw materials, including oil, in total world trade A) remained constant. B) increased decreased D) fluctuated widely with no clear trend E) increased slightly before dropping off 10) Since World War II, the likelihood that the job of a new college graduate will be directly or indirectly affected by world trade A remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.
Explanation / Answer
Ans
1 D
2 it is consistent since distance between these and European countries is more
3 decreased and terms of trade of the countries exporting them fell
4 increased due to globalisation