The gravity equation states that countries with higher GDP, or that are close, will trade more. In
Fantastic news! We've Found the answer you've been seeking!
Question:
The gravity equation states that countries with higher GDP, or that are close, will trade more. In addition, research has shown that there is more trade within countries than between countries. Explain why there there is more trade within countries.
Expert Answer:
The gravity equation in economics states that countries with higher GDP gross domestic product or that are geographically closer to each other are mor... View the full answer
Related Book For 
Posted Date:
