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All of the following statements are true, except:

Select the correct answer below:

A. The percent of exports out of GDP indicates the degree of an economy's globalization.
B. The balance of trade tells us if the country is running a trade surplus or trade deficit.
C. Large economies struggle to do much of their trading internally.
D. Small economies tend to have higher ratios of exports and imports to GDP.

Sagot :

GinnyAnswer

Final answer:

An explanation of which statement is untrue among given trade-related statements.


Explanation:

The statement that is NOT true is:

  1. Large economies struggle to do much of their trading internally. Large economies usually have a diverse range of industries and resources, allowing them to conduct a significant amount of internal trading.

The percent of exports out of GDP, the balance of trade, and small economies having higher ratios of exports and imports to GDP are all accurate indicators of a country's trade dynamics.


Learn more about Trade dynamics and globalization here:

https://brainly.com/question/31874354


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