For a nation to maximize its productivity in a global economy:
A. Only imports are necessary
B. Only exports are necessary
C. Both imports and exports are necessary
D. Neither imports nor exports are necessary
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Economists have generally found that economic growth rates have a close relation to:
A. openness to trade
B. education
C. communications infrastructure
D. all of these
With globalization and import competition, U.S. prices have generally:
A. increased
B. decreased
C. remained stable
D. all of these at various times
Open economies have more:
A. competition
B. firm turnover
C. new firms entering the market
D. all of these
Studies have shown that there is an inverse relationship between
A. Local competition and regional competition
B. Regional competition and global competition
C. Level of trade barriers and economic growth
D. Level of education and communications infrastructure