Please help me find the correct answer ake place within the borders of that coun

Question

Please help me find the correct answer
ake place within the borders of that country D) Large economies tend to have large incomes and tend to spend more on E) Large economies tend to avoid trading with small economies. 8) The two neighbors of the United States do a lot more trade with the United States tha uropean economies of equal size. A) This contradicts predictions from gravity models. B) This is consistent with predictions from gravity models. C) This is irrelevant to any inferences that may be drawn from gravity modeis. D) This is because these neighboring countries have exceptionally large GDPS. E) This relates to Belgium's trade record with the U.S 9) Since World War II, the relative importance of raw materials, including oil, in total world trade A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend E) increased slightly before dropping off. 10) In the current Post-Industrial economy, international trade in services (including banking and financial services) A) is an increasingly important component of global trade. B) does not exist. C) dominates world trade. D) is relatively stagnant. E) far surpasses the predictions of economist Alan Blinder. 11) Which of the following does NOT explain the extent of trade between Ireland U.S.? A) historical ties B) cultural Linguistic ties /C) Gravity Model D) multinational corporations E) large numbers of Irish-Americans

Explanation / Answer

The two neighbors of the United States do a lot more trade with the United States than European economies of equal size.

This is consistent with predictions from gravity models.
It is so because the distance between the two neighbours of US is less than the distance between US and European countries.

So correct ans is b)

9)
Since World War II, the relative importance of raw materials, including oil, in total world trade

Decreased

Correct ans is C)

10)
In the current Post-Industrial economy, international trade in services (including banking and financial services)

is an increasingly important component of global trade.

The correct ans is A).

11) Does not explain the extent of trade between Ireland and the U.S
Gravity model

As gravity model does not explain the extent of trade it explain the bilateral trade flow based on the size of economy and distance between them

So ans is C).

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