Which of the following statements about New Zealand's economy is false? A.
New Zealand has a small population and a relatively small market, which hampers its economic growth.
B.
New Zealand is now diversifying exports and trading more with other countries like Japan and the United States.
C.
New Zealand has a strong economy built mostly on the mining and manufacturing sectors.
D.
After joining the European Union, Great Britain was no longer able to provide New Zealand with discounts.

Respuesta :

B. New Zealand is now diversifying exports and trading more with other countries like Japan and the United States. 

The false answer is C. New Zealand has a strong economy built mostly on the mining and manufacturing sectors. While theses sectors are very important in its economy, services constitute the main economic activity (services account for more than 60% of the GDP). The other three options are true: New Zealand population is relatively small thus making its market limited in size. That is the reason why the country depends heavily on foreign trade. (USA and Japan are some of its main trading partners). And after joining the EEC, Great Britain was no longer able to grant tariffs cuts to New Zealand.