Since about 1970, in both developed and developing countries, the ratio of trade to GDP has ; over the same time period, in the United States and the European Union, the ratio of imports from developing countries to total imports Multiple Choice increased; has decreased increased; also has increased decreased; also has decreased decreased; has increased

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Since about 1970, in both developed and
developing countries, the ratio of trade to GDP has
__; over the same time period, in the
United States and the European Union, the ratio of
imports from developing countries to total imports
Multiple Choice
increased; has decreased
increased; also has increased
decreased; also has decreased
decreased; has increased
Transcribed Image Text:Since about 1970, in both developed and developing countries, the ratio of trade to GDP has __; over the same time period, in the United States and the European Union, the ratio of imports from developing countries to total imports Multiple Choice increased; has decreased increased; also has increased decreased; also has decreased decreased; has increased
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