Multiple Choice
An example of "value-added" as an important concept for international trade was the case of imports of iPhones from China. The value-added by China was equal to:
A) the total value of imported raw and semi-finished materials into China plus the value of the export to the United States.
B) the total value of the export to the United States minus the total value of imported raw and semi-finished materials into China.
C) the total value of the export plus shipping costs.
D) the difference between the total values of exports to the United States minus the total value of imports from the United States.
Correct Answer:
Verified
Correct Answer:
Verified
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