Which of the following statements about the dynamics of world trade is most accurate?
A) As the largest international marketer, the United States accounts for 85 percent of world trade.
B) World trade refers exclusively to the exchange of money for goods or services.
C) An estimated 35 percent of world trade involves countertrade.
D) European intratrade is smaller but more powerful than for any of the other world regions.
E) The United States, Western Europe, Canada, China, and Japan together account for more than two-thirds of world trade in manufactured goods and commodities.

Question

Quizplus · Accepted Answer

The statement that the United States, Western Europe, Canada, China, and Japan together account for more than two-thirds of world trade in manufactured goods and commodities is the most accurate. This is supported by data from the World Trade Organization, which shows that these countries account for a significant portion of global exports and imports. The other statements are either inaccurate (A and B) or make unsupported claims about the relative size and power of different regions' intratrade (D) or the prevalence of countertrade (C).

Which of the Following Statements About the Dynamics of World