Answer to Question #47741 in Macroeconomics for Katie

Question

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

Answer 1

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.