Canada and Australia are (mainly) English-speaking countries with populations that are not too different in size (Canadas

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Canada and Australia are (mainly) English-speaking countries with populations that are not too different in size (Canada’s is 60 percent larger). But Canadian trade is twice as large, relative to GDP, as Australia’s. Why should this be the case?

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International Economics Theory and Policy

ISBN: 978-0273754206

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

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Question Posted: Oct 24, 2012 11:35 PM

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Canada and Australia are (mainly) English-speaking countries with populations that are not too different in size (Canadas

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We saw that not only is GDP important in explaining how much two countries trade but als...View the full answer

International Economics Theory and Policy

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