One Economic Advantage of a Large Share of Exports in GDP

question 45

Multiple Choice

One economic advantage of a large share of exports in GDP is that countries

• A)can reduce their budget deficits.
• B)can purchase the imports they need.
• C)can maintain lower rates of unemployment.
• D)will have greater equality in their incomes.
• E)develop more labor-intensive industry.

Understand the concept of natural monopoly and its causes.

Recognize the differences in market power and pricing strategies between perfectly competitive firms and monopolies.

Understand the geographic focus and sociopolitical base of the Progressive movement.

Recognize the impact of urbanization and industrialization on the American landscape and society during the Progressive era.

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Definitions:

Independent Variable

In an experiment, the variable that is manipulated or changed by the researcher to observe its effects on the dependent variable.

Nicotine

A stimulant and addictive substance found in tobacco products that impacts the central nervous system.

Real Cigarette

Refers to traditional tobacco cigarettes, as opposed to electronic cigarettes or other smoking alternatives.

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment and is used as a benchmark to measure the effects of the treatment.