Eight of the top 10 exporting and importing countries are countries with ________.
A)cheap labor forces
B)small land masses
C)natural advantages
D)developed economies

Question

Quizplus · Accepted Answer

Developed economies typically have higher levels of industrialization, technological advancement, and infrastructure, which allows them to produce and trade higher value-added goods and services with other countries. This gives them a competitive advantage in international trade and makes them major players in the global economy. Therefore, it is not surprising that eight of the top 10 exporting and importing countries are countries with developed economies.

Eight of the Top 10 Exporting and Importing Countries Are