Choose the one alternative that best completes the statement or answers the question. 1) Which of the following statements is true? 1) _______ A) Most of the leading exporting countries are large, high-income countries. B) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs. C) All sectors of the U.S. economy are affected equally by international trade. D) Each year China exports about 50 percent of its wheat crop and 40 percent of its rice crop.
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Which of the following statements is true? A. Each country as a whole is made better off as a result of international trade, but individuals within each country may be made worse off. B. Although some individuals are made better off as a result of international trade, both countries may be made worse off overall. C. Within each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall. D. All individuals in both countries are made better off as a result of international trade.
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