China Now Ranks Number 5 in Patent Applications

question 102

True/False

China now ranks number 5 in patent applications.

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Definitions:

Dollars

The official currency of the United States, also used in other countries as an official or de facto currency.

Merchandise Trade

involves the import and export of goods between countries without including services, focusing on physical products.

Trade Deficit

A situation where a country's imports exceed its exports during a specific period of time.

Welfare Rolls

A term referring to the list or number of individuals receiving welfare benefits provided by the government.