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:

North Africa

A region consisting of countries along the Mediterranean coast, including Egypt, Libya, Tunisia, Algeria, and Morocco, known for its rich history, cultural diversity, and strategic economic importance.

Eurasia

A continental landmass that includes both Europe and Asia, often considered as a single geographical region.

Asia

The world's largest and most populous continent, home to a diverse range of cultures, languages, economies, landscapes, and political systems.

North America

A continent in the Northern Hemisphere largely bordered by the Atlantic Ocean to the east and the Pacific Ocean to the west, consisting of countries such as the USA, Canada, and Mexico.