Which of the following statements in the context of U.S. exports is true?
a. The U.S. exports products produced in the low wage industries.
b. Primary products account for the largest share of U.S. exports to developed nations.
c. The U.S. mainly exports labor intensive goods.
d. Most U.S. exports are produced in high-wage industries.
e. A bulk of U.S. exports to developing nations comprise of perishable commodities.
Question 2
Public goods are:
a. any goods or services several members of the public would like produced
b. those goods for which natural monopolies exist.
c. goods which cannot be successfully produced by private firms.
d. goods which cannot be easily financed through the market system.
TrUe....FaLsE
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