Chapter 1 1. What country was the world's largest exporter of goods in 2014? A) China B) Germany C) the United States D) Japan 2. Which of the following is an example of trade of goods, otherwise known as trade flow? A) Robert Feenstra purchases $100 million of British treasury bonds. B) Robert Feenstra purchases a yogurt factory in France. C) Robert Feenstra purchases a British-made Range Rover. D) Robert Feenstra purchases 100 shares of Novartis AG, a Swiss pharmaceutical company. 3. Currently, which of the following countries is the world's largest exporter of goods (in dollar volume)? A) China B) the United States C) Japan D) Germany 4. Currently, which of the following countries is the world's largest exporter of goods and services (in dollar volume)?