The relative decline of the United States in the share of world output and world exports reflects
A) an increase in the barriers to foreign trade in the United States.
B) the deepening of the global financial crisis.
C) the reduced industrialization in developing nations.
D) the growth in the economic development of the world economy.

Question

Quizplus · Accepted Answer

The relative decline of the United States reflects the growing economic development and industrialization of the world economy, as opposed to any absolute decline in the health of the U.S. economy.

The Relative Decline of the United States in the Share