1. Which of the following statements explains why Asian countries such as China and Vietnam export goods to industrialized countries?

Select one:

a.Workers are more productive in China and Vietnam than in industrialized countries.

b.Workers in China and Vietnam receive low wages.

c.China and Vietnam have an abundant supply of raw materials.

d.Chinese and Vietnamese factories are more technologically advanced than those in industrialized countries.

2.Recent bilateral trade data alarm politicians who worry about China's growing trade imbalance with the United States. What do the authors of your textbook say?

Select one:

a.It is not as bad as the numbers appear because China imports a large percentage of the value of its exports to the United States from its other trading partners.

b.The real data are even more shocking.

c.It depends on how you count imports and exports and on which currency is used.

d.Irresponsible governments, corruption, and greedy corporations are responsible for the widening gap.