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Briefly explain whether you agree with the following statement: China and Japan are more heavily involved in international trade than are most other nations. In
Briefly explain whether you agree with the following statement: "China and Japan are more heavily involved in international trade than are most other nations. In fact, China and Japan export a larger fraction of their GDPs than do European countries such as Germany, Belgium, and France." A. Agree. Although in relative terms Japan and China export a small fraction of their GDPs, in absolute terms exports are a significant component of their GDPs. Disagree. China and Japan export only about 20% of their GDP, while Belgium exports much more
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