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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 29
Circle the letter that corresponds to the best answer. What accounts for the sharp fall in our trade deficit in 2009?
A) Our imports fell more than our exports.
B) Our exports fell more than our imports.
C) The recession was much worse in the rest of the world than in the United States.
D) The American consumer made a much greater effort to buy American products to keep jobs in the United States.
A) Our imports fell more than our exports.
B) Our exports fell more than our imports.
C) The recession was much worse in the rest of the world than in the United States.
D) The American consumer made a much greater effort to buy American products to keep jobs in the United States.
Explanation
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Verified
The trade deficit refers to the differen...
Macroeconomics 11th Edition by Stephen Slavin
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