Which of the following statements about world trade flows is most accurate?
A) The United States is tied with China and Japan as the world's leaders in exports.
B) The U.S. percentage share of world exports has shifted upwards over the past 30 years.
C) The United States has maintained a steady percentage share of world imports.
D) The relative position of the United States as a supplier to the world has diminished despite an absolute growth in exports.
E) The United States' relative role as an exporter has decreased in areas of aerospace, chemical, pharmaceutical, and information technology industries within the past five years.

Question

Quizplus · Accepted Answer

While the absolute growth in U.S. exports has been significant over the years, the relative position of the country as a supplier to the world has decreased. This suggests that other countries have experienced a higher growth rate in exports and are becoming more competitive in the global market.

Which of the Following Statements About World Trade Flows Is