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:

International Trade Arbitration Forum

A platform or organization dedicated to resolving disputes related to international trade through arbitration rather than courts.

Foreign Corrupt Practices Act

A U.S. law that prohibits companies and their managers from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.

Civil Law System

A legal system that is based on a comprehensive set of laws that are codified into a referable system, prevalent in countries like France and Germany.

Common Law System

A legal system characterized by case law, which is law developed by judges through decisions of courts and similar tribunals.