Which of the Following Statements About the Importance of Trade

question 105

Multiple Choice

Which of the following statements about the importance of trade to the U.S.economy is false?

• A)Since 1950,both exports and imports have steadily increased as a fraction of U.S.gross domestic product.
• B)Overall,about 20 percent of U.S.manufacturing jobs depend directly or indirectly on exports.
• C)The United States is the second largest exporter in the world.
• D)The U.S.economy is highly dependent on international trade for growth in its gross domestic product.

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Definitions:

Recall

The ability to retrieve and reproduce information from memory that was previously learned.

Relearning

The process of learning material or skills that were once learned and then forgotten.

Retention

The ability to store and recall information or experiences over time.

Recency Effect

A cognitive bias that predisposes individuals to remember the most recently presented information better than information presented earlier.