Volume and Direction of International Trade This exercise gives you the chance to examine the volume of international trade, the nations that import and export the most goods and services, and the importance of major trading partners. The volume of international trade, the largest trading nations, the direction of trade, and the relevance of major trading partners will be concepts reviewed. Reread the sections in your book entitled, "International Trade." "Direction of Trade." and "Major Trading Partners: Their Relevance for Managers before attempting to complete this exercise. Read the case below and answer the questions that follow, Melissa Sanchez (a disguised name) is an undergraduate business student at a university in the United States. She is trying to decide what she wants to do for a career after she earns her degree. A friend suggested that international trade was a large and growing area of business activity, and that there were some excellent career opportunities as a result. Melissa was intrigued by this idea, but she did not know very much about what international trade entailed, such as what the volume of international trade was, whether it was growing or shrinking or by how much, or which countries are the most active in exporting or importing goods and services. Since Melissa wanted to be based in the United States, she also wondered which countries might be the most important trade partners for the United States. Choose the selection that best depicts world trade in merchandise in 2016 Multiple Choice The largest merchandise importers in 2016, in order, were the United States, China, Germany, Japan, and France. For services, the nations with the largest level of exports in 2016, in order, were the United States, Germany, the United Kingdom, China, and France The largest merchandise exporters in 2016, in order were China, the United States, Germany, Japan, and the Netherlands For services, the nations with the largest level of imports in 2016, in order, were the United States, Germany, China, the United Kingdom, and Japon