Brazil,India,and China (the BICs) have sharply increased their share of world output since 1980 now accounting for about 20% collectively.Which of the following statements is not true?
A) China's growth accounts for most of this increase.
B) The BICs have taken steps to institutionalize their growing influence.
C) The BICs are not unified in their bargaining strategy.
D) Other developing countries have been enthusiastic about allowing the BICs to represent their interests in trade negotiations.
E) In spite of their growth, the BICs are populous but still relatively poor.
Correct Answer:
Verified
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