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International Economics C1 Questions and Answers High Level 2023
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Where did the discipline of economics as we know it begin? - -with the study of international trade and finance -International trade has _______ in importance compared with the economy as a whole. - -roughly tripled -How have exports and imports changed over time? Which has increased more? - -both increased dramatically due to international trade; imports have increased more than exports; the U.S. imports more than it exports because so many countries are willing to take stake and invest in the US economy. -What does it mean if one country has less imports/exports than another? - -It relies less on trade to sustain itself.
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International Economics C1 Questions and Answers Grade A+ 2023
