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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 1
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) Our trade deficit has narrowed since 1995.
B) We export more merchandise than services (in terms of dollars).
C) The largest service purchase that foreigners make from the United States is educational services.
D) In recent years foreigners have generally refused to accept U.S. dollars in payment for their goods and services.
A) Our trade deficit has narrowed since 1995.
B) We export more merchandise than services (in terms of dollars).
C) The largest service purchase that foreigners make from the United States is educational services.
D) In recent years foreigners have generally refused to accept U.S. dollars in payment for their goods and services.
Explanation
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Trade deficit refers to the situation wh...
Macroeconomics 11th Edition by Stephen Slavin
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