Hans (from Germany), Abe (from Japan) and Chris (from the U.S.) were having a heated argument at an international electronics trade show. The argument was about the export performance of companies from the three countries. Which of the following is a valid statement made by the three people involved in the argument?

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


Answer: d. The United States has not yet evolved an institutional structure for promoting exports similar to that of Germany

Business

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