A large U.S. trade imbalance with China over the past year would result from which of the following?
A) American consumers are buying far fewer goods made in China than they are buying goods made in the United States.
B) American consumers are buying far fewer goods made in China than Chinese consumers are buying goods made in the United States.
C) American consumers are buying far more goods made in the United States than Chinese consumers are buying goods made in China.
D) Chinese consumers are buying far more goods made in China than American consumers are buying goods made in the United States.
E) American consumers are buying far more goods made in China than Chinese consumers are buying goods made in the United States.
Correct Answer:
Verified
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