Which of the following statements about Brazil's international economic ties is NOT true?
A) Brazil's tariff rates are among the highest in the developing world.
B) Less than 20% of the country's GDP is represented by exports.
C) Brazil does not make much use of the World Trade Organization's dispute resolution apparatus, preferring instead to work out compromises with individual trade partners.
D) China is the country's largest trade partner.
E) Brazil's trade with its MERCOSUL partners has declined in the last decade as the country has shifted its attention away from the hemisphere.
Correct Answer:
Verified
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