All of the following statements about the United States are true EXCEPT:
A) The largest imports are services like royalties, license fees, and financial services, and the largest exports are goods like crude oil, automobiles, and clothing.
B) The United States is the world's largest international trader.
C) The United States imports more than it exports.
D) Services account for a larger portion of U.S. exports than U.S. imports.
E) Imports are a larger percentage of total expenditure than exports are a percentage of total production.
Correct Answer:
Verified
Q8: How can a domestic producer determine whether
Q9: The United States imports t-shirts because
A) it
Q10: Goods and services that the United States
Q11: Of the following,_ account(s)for the largest share
Q12: Goods and services that the United States
Q14: The fundamental force that generates international trade
Q15: A nation has a comparative advantage in
Q16: If a nation can produce a good
Q17: Imports are defined as the goods and
Q18: The United States imports t-shirts from Asia.As
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