One Measure of the Magnitude of International Trade and How

question 94

Multiple Choice

One measure of the magnitude of international trade and how it has grown is that _____________ of everything grown or made in the world is now exported.

• A) 10 percent
• B) 25 percent
• C) 32 percent
• D) 45 percent
• E) over two-thirds

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Definitions:

Practical Wisdom

Practical wisdom, also known as phronesis, involves the ability to judge the appropriate action in difficult situations informed by moral virtues.

Tranquility

A state of peace and calm.

Hobbes

Refers to Thomas Hobbes, a 17th-century English philosopher known for his work in political philosophy, including his social contract theory.

Misfortunes

Unfortunate events or occurrences that bring about suffering, loss, or hardship.