Final answer:
It is true that export activity has increased more rapidly than domestic production globally, with the export/GDP ratio generally rising in recent decades.
Step-by-step explanation:
The statement that over the last few decades, export activity by nations has grown more quickly than domestic production is true. In recent decades, the export/GDP ratio has indeed generally risen, indicating that the share of exports to the overall economic output of a country is increasing. This trend holds for the global economy as well as for the U.S. economy, although the U.S. is somewhat an exception given its large size which enables more division of labor internally.
However, for smaller and medium economies, like those of Belgium, Korea, and Canada, international trade is even more vital for leveraging the benefits of division of labor, specialization, and economies of scale.The statement True. Over the last few decades, the export activity by nations has grown more quickly than domestic production. The export/GDP ratio has generally risen worldwide and for the U.S. economy. This indicates that countries are engaging in more trade and relying on exporting goods and services to boost their economic growth.