In the mid-1970s, the United States switched from running a trade ________ to running a trade ________.
A) balance; surplus
B) deficit; surplus
C) surplus; deficit
D) deficit; balance

Question

Quizplus · Accepted Answer

In the mid-1970s, the United States transitioned from having a trade surplus, where exports exceed imports, to having a trade deficit, where imports exceed exports.

In the Mid-1970s, the United States Switched from Running a Trade