Which of the following is true of the export performance of the United States, Germany, and Japan?
A)Historically, the United States has made its living as a trading nation.
B)Germany has been a relatively self-contained continental economy in which international trade played a minor role.
C)Unlike Japan, U.S. firms have a strong information advantage when they seek export opportunities.
D)The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany.
E)The Ministry of International Trade and Industry (MITI) in the United States is always on the lookout for export opportunities.

Question

Quizplus · Accepted Answer

Both Germany and Japan have long made their living as trading nations, whereas until recently the United States has been a relatively self-contained continental economy in which international trade played a minor role. The United States has not yet evolved an institutional structure for promoting exports similar to that of either Germany or Japan.

Which of the Following Is True of the Export Performance