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.

Question

Quizplus · Accepted Answer

Larger countries often have more diverse internal markets, reducing reliance on exports, while smaller countries rely more on trade. Developing countries may be more open due to reliance on exports for growth.

Which of the Following Statements Is True