Which of the Following Statements Is True

question 29

Multiple Choice

Which of the following statements is true?

• A)larger countries (in terms of size)tend to be more open (in terms of larger share of exports in GDP)than smaller countries and developing countries tend to be less open than developed economies.
• B)larger countries (in terms of size)tend to be less open (in terms of lower share of exports in GDP)than smaller countries and developing countries tend to be less open than developed economies.
• C)larger countries (in terms of size)tend to be more open (in terms of larger share of exports in GDP)than smaller countries and developing countries tend to be more open than developed economies.
• D)larger countries (in terms of size)tend to be less open (in terms of lower share of exports in GDP)than smaller countries and developing countries tend to be more open than developed economies.

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Definitions:

Commission

A fee paid for services, usually a percentage of the amount involved in a transaction or sale.

Normal Sales

Sales transactions that occur under regular business conditions, without special circumstances or discounts.

Percents

A mathematical term representing a fraction of 100, used to denote a portion or share of a total.

Decimals

Numerical values expressed using a decimal system, involving a point to separate the whole number from the fractional part.