BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The World Bank estimates that five countries whose share of world trade is barely one-third that of the European Union will, by 2020, have a 50 percent higher share than that of the European Union ____ is one of the countries included in this list.
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Canada
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Nigeria
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Netherlands
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Indonesia
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Rhodesia
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Explanation:
Detailed explanation-1: -In 2020, European Union major trading partner countries for exports were United States, United Kingdom, China, Switzerland and Russian Federation and for imports they were China, United States, United Kingdom, Switzerland and Russian Federation.
Detailed explanation-2: -Exports of goods and services as percent of GDP, 2021-Country rankings: The average for 2021 based on 160 countries was 42.1 percent. The highest value was in Luxembourg: 211.43 percent and the lowest value was in Sudan: 2.25 percent. The indicator is available from 1960 to 2021.
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