ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -The most recent exports are led by Gold ($86.7B), Packaged Medicaments ($48.5B), Vaccines, blood, antisera, toxins and cultures ($40.3B), Base Metal Watches ($15.2B), and Nitrogen Heterocyclic Compounds ($14.6B).
Detailed explanation-2: -Exports The top exports of United States are Refined Petroleum ($83.3B), Petroleum Gas ($70.9B), Crude Petroleum ($67.6B), Cars ($55.4B), and Integrated Circuits ($51.3B), exporting mostly to Canada ($259B), Mexico ($247B), China ($151B), Japan ($71.8B), and South Korea ($66.4B).
Detailed explanation-3: -The United States is the 2nd largest goods exporter in the world. U.S. goods exports to the world totaled $1.6 trillion in 2019, down 1.4 percent ($22.5 billion) from 2018. Canada was the largest purchaser of U.S. goods exports in 2019, accounting for 17.8 percent of total U.S. goods exports.
Detailed explanation-4: -Oil Drilling & Gas Extraction in the US. Petroleum Refining in the US. Brand Name Pharmaceutical Manufacturing in the US. Natural Gas Liquid Processing in the US. Organic Chemical Manufacturing in the US. Plastic & Resin Manufacturing in the US. More items