Which of the following statements is true?
A)Countries tend to trade extensively with their neighbors.
B)The United States is an important trading partner for many countries.
C)The largest amount of international trade occurs between industrialized countries.
D)All of the above are true.

Question

Quizplus · Accepted Answer

A) Countries tend to trade extensively with their neighbors - this is known as regional trade, and it is typically common for reasons such as geographical and cultural proximity, common trade agreements, and lower transportation costs.
B) The United States is an important trading partner for many countries - the US is a large market for many countries, and it is also a significant source of imports for many countries.
C) The largest amount of international trade occurs between industrialized countries - this is generally true as industrialized countries have higher levels of economic development and are therefore more likely to engage in international trade.

Which of the Following Statements Is True