U.S.wine producers only export about 14 percent of their total annual production of wine.This statement indicates that the U.S.wine industry:
A) sells more wine abroad than it does in the United States
B) is an industry in the first stages of globalization
C) is willing to take significant risks in order to sell more wine internationally
D) is an industry in the third stage of globalization
E) produces more wine than it can sell

Question

Quizplus · Accepted Answer

The statement indicates that the U.S. wine industry is not heavily globalized as only 14 percent of their total annual production is exported. Therefore, it is an industry in the first stages of globalization.

USWine Producers Only Export About 14 Percent of Their Total