Since 1970, the U.S. trade balance has:
A) been in surplus in almost every year.
B) been in deficit in almost every year.
C) been close to zero in almost every year.
D) fluctuated between deficit and surplus frequently.
Correct Answer:
Verified
Q54: During 2007, the United States and Japan
Q55: In the short run, a trade deficit
Q56: Considering only its direct effect on income,
Q57: Considering only its direct effect on income,
Q58: If foreigners become unwilling to hold U.S.
Q60: All of the following are international (as
Q61: In the mid-1960s, the United States was
Q62: Expansionary fiscal policy tends to:
A)raise U.S. income,
Q63: Considering only its direct effect on income,
Q64: Considering an economy with a current trade
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents