Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to have: the lowest gains from trade. the highest gains from trade. the highest trade balance. the lowest trade balance.
Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to have: the lowest gains from trade. the highest gains from trade. the highest trade balance. the lowest trade balance.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Answer it correctly. I will rate.
option c is wrong.
![Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to have:
the lowest gains from trade.
the highest gains from trade.
the highest trade balance.
the lowest trade balance.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce059884-4476-40bb-bc5c-74d45e8049f0%2F4b4f4ee2-b040-42b9-9d2b-a2cd8f25c4c0%2Fiszt8xd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Countries with the highest ratios of trade to GDP, calculated as (imports + exports)/2, tend to have:
the lowest gains from trade.
the highest gains from trade.
the highest trade balance.
the lowest trade balance.
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