Which of the Following Statements About Brazil's International Economic Ties

question 26

Multiple Choice

Which of the following statements about Brazil's international economic ties is NOT true?

• A) Brazil's tariff rates are among the highest in the developing world.
• B) Less than 20% of the country's GDP is represented by exports.
• C) Brazil does not make much use of the World Trade Organization's dispute resolution apparatus, preferring instead to work out compromises with individual trade partners.
• D) China is the country's largest trade partner.
• E) Brazil's trade with its MERCOSUL partners has declined in the last decade as the country has shifted its attention away from the hemisphere.

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Definitions:

Vertical Mergers

A business practice where companies operating at different stages of the production process for a specific good or service merge.

Concentration

The action or power of focusing all one's attention or mental effort on a particular object or activity.

Antitrust Challenge

A legal objection or action undertaken to combat or prevent monopolistic practices and to maintain competition in the marketplace.

Relevant Product Market

The market segment comprising all those products or services that are considered by the consumer to be interchangeable or substitutable due to the products' characteristics, prices, or intended use.