US wine producers export only about 14 percent of their total annual production of wine. What does this statement indicate about the US wine industry?
A)It is selling more wine abroad than it does at home.
B)It is an industry in the first stages of globalization.
C)US customers prefer international wines to domestic wines.
D)It is producing more wine than it can sell.

Question

Quizplus · Accepted Answer

This statement suggests that the US wine industry is in the early stages of expanding its market reach globally, as a relatively small proportion of its production is exported.

US Wine Producers Export Only About 14 Percent of Their