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Quiz
· The Wealth of Nations and Economic Growth
· 12 of 14
Principles of Macroeconomics
Knowledge Check
Question 1 of 2
In 1967, the Suez Canal suddenly closed and remained closed for 8 years, temporarily shutting down a major trade route for many countries. Based on the facts from the video, this temporary canal closure
a.
increased the GDP per capita of countries most reliant on the canal.
b.
decreased the GDP per capita of countries most reliant on the canal.
c.
increased international trade of countries most reliant on the canal without affecting their GDP per capita.
d.
decreased international trade of countries most reliant on the canal without affecting their GDP per capita.
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