Which of the following is true about the U.S. trade balance during the 1960s?
A) Imports and exports were equal.
B) Exports exceeded imports.
C) Imports exceeded exports.
D) When the economy expanded, the demand for imports increased.
E) When the economy expanded, the trade balance worsened.
Correct Answer:
Verified
Q1: A nation's merchandise trade balance reflects _.
A)trade
Q5: Spending on U.S. merchandise imports is a
Q6: The merchandise trade balance measures _
A) the
Q7: Revenue from U.S. merchandise exports is a
Q7: The merchandise trade balance does not include:
A)exports
Q8: The balance of payments summarizes the transactions
Q10: In 2016, America's imports from China were
Q12: A more descriptive phrase for the balance-of-payments
Q13: What summarizes the transactions that occur during
Q14: In the balance-of-payments account, the receipts from
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