Asked by Carina Campos on Jun 26, 2024
Verified
Which statement is false?
A) Chinese factories have been pirating American goods and selling those products in ChinA.
B) Most often "made in China" is actually made elsewhere by multinational companies that use China as a final assembly station.
C) Both China and Japan have closed markets to American made products.
D) Our trading position with Japan is very much like a colony and a colonial power.
Pirating
The unauthorized use or reproduction of another's work without permission.
Multinational Companies
Businesses that operate in multiple countries beyond their home country's borders.
Closed Markets
refer to markets that are not open to all, often restricted by trade barriers or regulations, limiting the entry of external players.
- Discern the influence that policies and practices of global trade exert on the economy of the U.S.
- Identify the role of multinational companies in the global trade network.
Verified Answer
CD
Cameron DouglasJun 28, 2024
Final Answer :
C
Explanation :
While China has been accused of pirating American goods, and multinational companies do use China as a final assembly station, Japan does not currently have closed markets to American made products. Option D is also not entirely accurate as it presents a quite subjective statement about the trading relationship between the US and Japan.
Learning Objectives
- Discern the influence that policies and practices of global trade exert on the economy of the U.S.
- Identify the role of multinational companies in the global trade network.