ECO 336 Exam 1 2025 Questions and
Answers
Countries such as the United States that have large populations tend to have -
....ANSWER ...-lower trade-to-GDP ratios.
The trade-to-GDP ratio for a nation that had $600 million in exports, $400 million in
imports, and GDP of $2,000 million would be - ....ANSWER ...-0.5
The trade-to-GDP ratio is calculated by - ....ANSWER ...-exports plus imports
divided by GDP.
A relative measure of the importance of trade is - ....ANSWER ...-trade as a
percentage of GDP.
An important factor that increased international capital flows in the latter part of the
1800s was - ....ANSWER ...-technological innovations
Labor mobility was - ....ANSWER ...-greater in 1900 than in 2010
A major impact of the transatlantic telegraph was - ....ANSWER ...-a reduction in
time required to complete a financial transaction between New York and London
The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years
- ....ANSWER ...-around World War II
…FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
Answers
Countries such as the United States that have large populations tend to have -
....ANSWER ...-lower trade-to-GDP ratios.
The trade-to-GDP ratio for a nation that had $600 million in exports, $400 million in
imports, and GDP of $2,000 million would be - ....ANSWER ...-0.5
The trade-to-GDP ratio is calculated by - ....ANSWER ...-exports plus imports
divided by GDP.
A relative measure of the importance of trade is - ....ANSWER ...-trade as a
percentage of GDP.
An important factor that increased international capital flows in the latter part of the
1800s was - ....ANSWER ...-technological innovations
Labor mobility was - ....ANSWER ...-greater in 1900 than in 2010
A major impact of the transatlantic telegraph was - ....ANSWER ...-a reduction in
time required to complete a financial transaction between New York and London
The trade-to-GDP ratio for the United States reached its lowest point of the last 100 years
- ....ANSWER ...-around World War II
…FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
