US and European Merchandise Trade Accounted for Approximately What Share

question 69

Multiple Choice

U.S. and European merchandise trade accounted for approximately what share of total world merchandise (goods) trade in 2014?

• A) slightly more than one fourth
• B) slightly more than one third
• C) about one half
• D) slightly more than two thirds

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Definitions:

Straight-Line Depreciation

An operation for dividing the expense of a solid asset through its functional duration in even yearly sums.

Simple Rate of Return

A calculation that estimates the profitability of an investment, dividing annual incremental net operating income by the initial investment cost.

Cash Operating Costs

Expenses a business incurs through its operations that require cash payments, excluding non-cash expenses like depreciation.

Automating Process

The method of using technology to perform tasks with minimal human intervention.