Statement I: China and South Korea are the world's largest exporters.
Statement II: International trade is more important to the U.S.economy than it is to smaller industrial countries such as the Netherlands.
A)Statement I is true and statement II is false
B)Statement II is true and statement I is false
C)Both statements are true
D)Both statements are false

Question

Quizplus · Accepted Answer

Statement I is false because while China is one of the world's largest exporters, South Korea is not the largest, countries like the United States and Germany also rank highly. Statement II is false because international trade is often more critical to smaller countries like the Netherlands, which rely more heavily on trade relative to their GDP than larger economies like the U.S.

Statement I: China and South Korea Are the World's Largest