Which of the Following Statements About World Trade Flows Is

question 267

Multiple Choice

Which of the following statements about world trade flows is most accurate?

• A) The EU (European Union) is the world leader in terms of GDP (gross domestic product).
• B) The relative position of the United States as a supplier to the world has increased because of an absolute growth in exports.
• C) The United States is running a continuing trade surplus because it has the world's largest gross domestic product.
• D) The United States' relative role as an exporter remains strong in the area of aerospace.
• E) During the past 30 years, the relative position of the United States in terms of GDP has remained stable despite the fact that actual value of products and services has increased.

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Standard

An established criterion or model regarded as a basis for comparison or assessment in various fields, including quality, behavior, or regulation.

State Implementation Plan

A document prepared by states in which the emissions to the air from individual sources are limited legally so that the area will meet the national ambient air quality standards.

Clean Air Act

A comprehensive federal law in the United States that regulates air emissions from stationary and mobile sources to control air pollution.

National Ambient Air Quality Standards

Federally established air pollution standards designed to protect the public health and welfare.