Openness to trade measures A the inverse of the average time needed to comply with customs forms when importing goods into a country. B the amount of exports and imports as a share of GDP of a country. C the inverse of the average import tariff employed by a country. D the facility of doing business in country by a foreign firm.
Openness to trade measures A the inverse of the average time needed to comply with customs forms when importing goods into a country. B the amount of exports and imports as a share of GDP of a country. C the inverse of the average import tariff employed by a country. D the facility of doing business in country by a foreign firm.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Openness to trade measures
A |
the inverse of the average time needed to comply with customs forms when importing goods into a country. |
|
B |
the amount of exports and imports as a share of GDP of a country. |
|
C |
the inverse of the average import tariff employed by a country. |
|
D |
the facility of doing business in country by a foreign firm. |
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