In 2009,which Nation Replaced Germany as the World's Largest Exporter

question 13

Multiple Choice

In 2009,which nation replaced Germany as the world's largest exporter of goods?

• A) United States
• B) Japan
• C) Russia
• D) China

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Definitions:

Input Prices

The costs associated with the purchase of the raw materials, labor, and other inputs required in the production of goods or services.

Short- And Long-Run

Terms used in economics to differentiate between time periods: short-run where at least one input is fixed and long-run where all inputs are variable.

Classroom Experiment

An educational exercise or activity conducted in a classroom setting to demonstrate a principle or theory through practical experience.

Willing To Sell

The readiness or openness of a seller to part with goods or assets at a certain price.