Solved

Garments Are Exported from China to the United States on a Daily

Question 59

Multiple Choice

Garments are exported from China to the United States on a daily basis. In turn, the United States exports agricultural products like soybeans to China. Which statement best explains the trade equation between China and the United States?


A) Tariff barriers determine the flow of goods and services between nations.
B) Countries are simultaneously encouraging exports and discouraging imports.
C) First entrants to the industry ensure their nations have the first-mover advantages.
D) Nations with an absolute advantage in producing certain goods trade them for goods produced by other countries.
E) Gold and silver are the mainstays of national wealth and essential to vigorous commerce.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents