The Differences in the Ratios of Exports to GDP Across

question 76

Multiple Choice

The differences in the ratios of exports to GDP across countries are believed to be caused primarily by

• A)trade barriers.
• B)each country's size.
• C)monetary policy.
• D)fiscal policy.
• E) inflation in the domestic country.

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Definitions:

Underemployment

Refers to the employment of workers in jobs that are below their skills level or part-time workers who would prefer to be full-time.

Unemployment

The situation when individuals who are capable of working and are seeking work are unable to find employment.

Demographic Transition

Refers to the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Population Growth

The increase in the number of individuals in a population, measured by the natural increase and net migration.