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PAGE7

InternationalEconomics,8e(Krugman)

Chapter2

WorldTrade:AnOverview

2.1

WhoTradeswithWhom?

1)

Whatpercentofallworldproductionofgoodsandservicesisexportedtoothercountries?

A)

10%

B)

30%

C)

50%

D)

100%

E)

Noneoftheabove.

Answer:

B

QuestionStatus:

PreviousEdition

2)

Thegravitymodeloffersalogicalexplanationforthefactthat

A)

tradebetweenAsiaandtheU.S.hasgrownfasterthanNAFTAtrade.

B)

tradeinserviceshasgrownfasterthantradeingoods.

C)

tradeinmanufactureshasgrownfasterthaninagricultur