Approximately what percent of all world production of goods and services is exported to other countries?
The gravity model offers a logical explanation for the fact that...
Intra-European Union trade exceeds international trade by the European Union
The gravity model suggests that over time..?
the value of trade between two countries will be proportional to the product of the two countries GDP
The [gravity model] explains why ....?
trade between Swededn and Germany exceeds that between Sweden and Spain
According to the [gravity model], a characteristic that tends to affect the probability of trade existing between any two countries is..?
the distance between them
In general, which of the following DO NOT tend to increase trade between two countries? [A) linguistic and/or cultural affinity] [B)historical ties] [C) larger economies] [D) mutual membership in preferential trade agreements] [E) the existence of well controlled borders between countries]
E - the existence of well controlled borders between countries DOES NOT tend to increase trade between countries
In the present, most of the exports from China are..?
Which of the following DOES NOT explain the extent of trade between Ireland and the U.S.? A) historical ties B)cultural Linguistic ties C) Gravity Model D) multinational corporations E) large numbers of Irish-Americans
C) - Gravity model DOES NOT explain the extent of trade between Ireland and the U.S.