Which of the following statements about the dynamics of world trade is most accurate?
A)As the largest international marketer,the U.S.accounts for 85 percent of world trade.
B)World trade refers exclusively to the exchange of money for products or services.
C)An estimated 35 percent of world trade involves countertrade.
D)The U.S. ,Western Europe,Canada,China,and Japan together account for more than ⅔ of world trade.
E)European intratrade is smaller but more powerful than for any of the other world regions.

Question

Quizplus · Accepted Answer

According to the information provided in the statement, the U.S., Western Europe, Canada, China, and Japan together account for more than ⅔ (which is more than 66 percent) of world trade. This makes option D the most accurate statement among the given options. Option A is incorrect as the U.S. does not account for 85 percent of world trade. Option B is incorrect as world trade can involve the exchange of goods or services, not just money. Option C is incorrect as countertrade involves about 15 percent of world trade, not 35 percent. Option E is incorrect as there is no information provided about the relative power of European intratrade compared to other regions.

Which of the Following Statements About the Dynamics of World