5. Which of the following statements is (are) correct?(x) The openness ratio is measured by a country's exports minus imports as a percent of GDP.(y) In recent decades, the United States has become tied to other nations through a rise in capital flows.(z) Economists have generally found that economic growth rates have a close relation to education,openness to trade, and communications infrastructure.A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (z) only7. Which of the following statements is (are) correct?(x) The "Made in America" emblem printed on televisions sold by Element Electronics is intended to informconsumers of its commitment to create quality manufacturing jobs in the United States.(y) Workers sometimes face demands for wage reductions from their employers, which threaten to exportjobs abroad if wage reductions are not accepted.(z) Critics maintain that U.S. trade policies have mainly benefitted large corporations rather than the averageAmerican citizen.А. (х), (у) and (2)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (x) only11. Which of the following have been criticisms of globalization and trade policies?(x) environmental concerns.(y) unfair competition from countries that lack labor standards.(z) support of countries with human rights violations like sweatshops.А.A. (x), (y) and (z)В.B. (x) and (y) onlyC.(x) and (z) onlyD.(y) and (z) onlyЕ.(z) only

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5. Which of the following statements is (are) correct? (x) The openness ratio is measured by a country's ex (y) In recent decades, the United States has become (z) Economists have generally found that economic g openness to trade, and communications infrastrue A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (z) only

5. Which of the following statements is (are) correct? (x) The openness ratio is measured by a country's ex (y) In recent decades, the United States has become (z) Economists have generally found that economic g openness to trade, and communications infrastrue A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (z) only

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 33P: An economy starts off with a GDP per capital of 12,000 euros. How large will the GDP per capita be...

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