Which of the following statements is true?
A)Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs.
B)China plays little role in global trade.
C)Most of the leading exporting countries are high-income countries.
D)All sectors of the Canadian economy are affected equally by international trade.

Question

Quizplus · Accepted Answer

According to the World Bank, most of the leading exporting countries are high-income countries such as China, the USA, and Germany. A is incorrect because imports can also create jobs, and specialization allows countries to focus on their comparative advantage. B is incorrect because China is the world's largest trading nation, with both high levels of exports and imports. D is incorrect because different sectors of the Canadian economy are affected differently depending on their level of competitiveness in international markets.

Which of the Following Statements Is True