Question

Many of the Asian countries that are major exporters to the United States are also significant importers of American goods because:

A. their rising standards of living enable their people to afford more imported products.

B. they are purchasing large amounts of capital goods to further their industrial expansion.

C. they are importing raw materials and components that will be assembled and subsequently be exported, often to the United States.

D. all of the above.

E. two of A, B, and C.

Answer 1

Many Asian countries that are major exporters to the United States are also significant importers of American goods due to rising standards of living, industrial expansion, and importing raw materials and components.

Step-by-step explanation:

Many of the Asian countries that are major exporters to the United States are also significant importers of American goods because:

1. Their rising standards of living enable their people to afford more imported products.
2. They are purchasing large amounts of capital goods to further their industrial expansion.
3. They are importing raw materials and components that will be assembled and subsequently be exported, often to the United States.