Which of the Following Statements Is True

question 174

Multiple Choice

Which of the following statements is true?

• A)Japan is more dependent on foreign trade than is the United States.
• B)Imports and exports account for over one-half of the GDP of Belgium.
• C)France is the leading exporting country, accounting for 10 percent of total world exports.
• D)Because the cost of labor used on farms is so high, the United States exports very little of its wheat, rice and corn crops.

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Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or business activity.

Syndicate

A group of individuals or organizations combined to promote a common interest.

Contracts Fraud

Contracts fraud involves the intentional deception or misrepresentation made by a party in a contract to gain a financial advantage or to harm the other party, often relating to the falsification or concealment of information.

Business Organization

The structure and framework within which an enterprise operates, detailing the roles, relationships, and responsibilities of its entities.