Which of the following statements about the dynamics of world trade is most accurate?
A)As the largest international importer and exporter,the U.S.accounts for 65 percent of world trade.
B)World trade is calculated to include only the exchange of money for products or services.
C)An estimated 35 percent of world trade involves countertrade.
D)China,the United States,and Germany far outpace other countries in terms of imports and exports.
E)Because of NAFTA,North American intratrade is no longer counted in calculations of world trade.

Question

Quizplus · Accepted Answer

The United States,China,and Germany are the leaders in global merchandise trade.China exports more manufactured products and commodities than it imports.The United States imports more manufactured products and commodities than it exports.Not all trade involves the exchange of money for products or services.An estimated 10 to 15 percent of world trade involves countertrade,the practice of using barter rather than money for making global sales.

Which of the Following Statements About the Dynamics of World