Which of the following is true about international comparisons in exporting?
A)The United States has long made its living as a trading nation.
B)Historically,Germany has been a relatively self-contained continental economy.
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.

Question

Quizplus · Accepted Answer

In Germany,one of the world's most successful exporting nations,trade associations,government agencies,and commercial banks gather information,helping small firms identify export opportunities.A similar function is provided by the Japanese Ministry of International Trade and Industry (MITI),which is always on the lookout for export opportunities.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 About International Comparisons in Exporting