Readers ask: In 2012, Which Of The Following Countries Was The World’s Leading Exporter Quizlet?

Which of the following countries is the worlds leading exporter?

China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019. China’s exports and economy grew dramatically following the opening of the country under Deng Xiaoping.

What are the leading exports of the United States quizlet?

U.S. exports cars, car parts, computers, agricultural products, and financial and travel services. Each country could try to produce both outputs on their own. They could specialize and trade. 1.

Which country is the world’s largest exporter of services quizlet?

For example, the United States is the world’s largest exporter of services and retailing.

Do United States is the largest exporter in the world true or false?

The United States is the largest exporter in the world. While Japan is the largest exporter in the world, the U.S. is the largest importer. Competition in exporting is very intense. One out of every six people on Earth lives in either China or India.

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What 5 countries do we import the most from?

The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.

What are China’s top 5 exports?

Exports: The top exports of China are Broadcasting Equipment ($208B), Computers ($141B), Integrated Circuits ($108B), Office Machine Parts ($82.7B), and Telephones ($54.8B), exporting mostly to United States ($429B), Hong Kong ($268B), Japan ($152B), South Korea ($108B), and Germany ($96.9B).

What is America’s top import?

Minerals, fuels, and oil – $189.9 billion. Electrical machinery and equipment – $176.1 billion. Aircraft and spacecraft – $139.1 billion. Vehicles and automobiles – $130.6 billion.

Which of the following products is a leading export of the United States?

United States Top 10 Exports America’s biggest export products by value in 2020 were refined petroleum oil, crude oil, cars, electronic integrated circuits and petroleum gases.

What is the number one export of the US?

Services are the biggest US export, with total foreign sales of $778 billion last year.

What is an infant industry quizlet?

What is an infant industry? a developing domestic industry that needs tariff protection. In recent years, many countries have formed customs unions that abolished tariffs and trade restrictions among its members, as well as adopted uniform tariffs for nonmember countries.

Which country had the highest value of total exports in 2009 quizlet?

Singapore and Thailand have a higher value of total reserves in foreign exchange and gold (2009) than all of the other countries of Southeast Asia combined. Singapore ranks first in total exports as well as in total reserves in foreign exchange and gold.

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Which concept provides the economic reason for nations to specialize in what they produce?

The reason is the principle of comparative advantage, which says that each country should specialize in the products that it can produce most readily and cheaply and trade those products for goods that foreign countries can produce most readily and cheaply.

Who is the biggest importer in the world?

In 2019, the U.S. were the leading import country in the world with an import value of about 2.57 trillion US dollars. Import and export are generally important pillars of a country’s economy.

What country is the largest exporter?

China. Aside from the European Union, China is the world’s largest exporter. In 2017, China exported an estimated $2.16 trillion worth of goods and services, primarily electronic equipment and machinery.

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