For the past 30 years or so, the United States has
A) imported more goods and services than it exported.
B) exported more goods and services than it imported.
C) exported and imported approximately the same amount of goods and services.
D) imported more than exports only during recessions.
Correct Answer:
Verified
Q7: Explain the relationship of positive or negative
Q8: Describe why the trade deficit rises further
Q9: Describe why the trade deficit rises further
Q10: What are net exports?
A) exports after all
Q11: Holding everything else constant, if exports are
Q13: How does the level of imports change
Q14: A US trade deficit means that
A) more
Q15: The main determinant of US exports
A) is
Q16: A US trade surplus means that
A) more
Q17: A US trade surplus means that
A) American
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