Which of the following statements is false?
A)Exports benefit trading countries because exports create jobs.Imports do not benefit trading countries because they result in a loss of jobs.
B)Each year the United States exports about 50 percent of its wheat crop and 20 percent of its corn crop.
C)Most of the leading exporting countries are large,high-income countries.
D)Not all sectors of the U.S.economy are affected equally by international trade.

Question

Quizplus · Accepted Answer

This statement is false. Imports can also benefit trading countries by providing consumers with a wider variety of goods at lower prices and by creating new jobs in industries that rely on imported materials or products. Additionally, exports can also result in a loss of jobs if the domestic market for the exported goods is smaller than the jobs lost in producing those goods.

Which of the Following Statements Is False