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Answer to Question #47741 in Macroeconomics for Katie

Question #47741
which of the following statements is false?
exports benefit trading countries because exports create jobs, imports do not benefit trading countries because they result in a loss of jobs

each year the us exports about 50% of its wheat crop and 20 % of its corn crop

most of the leading export countries are large, high-income countries
Expert's answer
The incorrect statement is "most of the leading export countries are large, high-income countries", because a lot of low-income poor or developing countries export resources or agricultural products and also such high-income small countries, like Japan or Southern Korea export a lot of finished goods.

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