Which of the Following Statements Is False

question 171

Multiple Choice

Which of the following statements is false?

• A)Exports benefit trading countries because exports create jobs.Imports do not benefit trading countries because they result in a loss of jobs.
• B)Each year the United States exports about 50 percent of its wheat crop and 20 percent of its corn crop.
• C)Most of the leading exporting countries are large,high-income countries.
• D)Not all sectors of the U.S.economy are affected equally by international trade.

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Definitions:

Labor's Share

The portion of national income or output that is allocated to workers in the form of wages, salaries, and benefits.

Interest Rate

The fraction of a loan that incurs interest charges for the borrower, usually indicated as an annual percentage of the remaining loan amount.

Cell A

In the context of matrices or spreadsheets, it typically refers to the top-left cell or the first cell in a table.

Compounded Annually

A method of calculating interest where the interest earned over a period is added to the principal, and the total becomes the basis for calculating interest in the next period, occurring once per year.