In 2018, the United States
A) imported more services than it exported.
B) imported more goods than it exported.
C) traded mainly with developing nations such as Mexico and India.
D) had a small trade surplus in goods and services.
Correct Answer:
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Q1: As a percentage of GDP, U.S. exports
Q2: Countries engaged in international trade specialize in
Q3: The terms of trade reflect the
A) rate
Q4: The United States' most important trading partner
Q5: Which of the following is an example
Q7: Differences in production efficiencies among nations in
Q8: In terms of absolute dollar volume, the
Q9: The accompanying tables give production possibilities
Q10: Assume that by devoting all of its
Q11: Which of the following is an example
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