Which of the Following Countries Is the World's Leading Exporter

question 173

Multiple Choice

Which of the following countries is the world's leading exporter?

• A) the United States
• B) China
• C) India
• D) Germany
• E) Japan

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Definitions:

Positive Statement

A factual assertion about how the world actually works, which can be tested and validated.

Steel Tariffs

Steel tariffs are taxes imposed on imported steel to protect domestic industries, often leading to increased prices of steel products and affecting international trade relations.

Factor Market

A marketplace where factors of production (such as labor, capital, and land) are bought and sold.

Factor of Production

An input used in the production of goods or services, including labor, capital, land, and entrepreneurship.