Question

Distance plays an important role in trade patterns: on average, the closer two countries are, the...

Distance plays an important role in trade patterns: on average, the closer two countries are, the less they trade: True or False?

Africa has increased its share of total world exports between 1965 and 2012: True or False?

North America has increased its share of total world exports between 1965 and 2012: True or False?

Asia has increased its share of total world exports between 1965 and 2012: True or False?

The Middle East has increased its share of total world exports between 1965 and 2012: True or False?

South and Central America have increased their share of total world exports between 19965 and 2012: True or False?

The growth of World Trade, measured by World Exports' Volume, has outpaced the growth in World GDP since 1950: True or False?

There is a negative empirical relationship between GDP per capita and Trade across Countries: True or False?

GATT is an example of a Free Trade Area: True or False?

The European Union is an example of a Custom Union: True or False?

Mexico, United States and Canada choose together their tariff policy towards other Countries outside NAFTA: True or False?

Mexico, United States and Canada currently form a Free Trade Area under NAFTA: True or False?

Tariff revenues today as a % of imports are far lower than during the Civil War era in the United States: True or False?

The Most Favored Nation Status reflects the idea of non-discrimination in International Trade: True or False?

What is logrolling?

GATT stands for...

WTO stands for...

WTO's most important change was…

Logrolling has been one of the causes in the US of...

What is trade diversion?
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