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:

Net Income

Net Income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicative of the company's profitability.

Domestic Corporations

Companies that are incorporated and operate in the same country where they were established.

Tax-free Transaction

A financial transaction that is not subject to taxes by the governing authority, often used in strategic financial planning.

Net Assets

The total assets of an entity minus its total liabilities, representing the owners' equity in the company.