Data on exports and imports for the United States over the period from 1890 to 2008 show that
A)the United States had large trade deficits throughout this entire period.
B)the United States had large trade surpluses throughout this entire period.
C)the percentage of total output exported by U.S. firms fell dramatically during World War I and World War II.
D)a higher percentage of U.S. goods was exported in recent years than in earlier years.

Question

Quizplus · Accepted Answer

Data on exports and imports for the United States over the period from 1890 to 2008 show that a higher percentage of U.S. goods was exported in recent years than in earlier years. This suggests that U.S. firms have become more globally competitive and have been able to expand their export markets over time.

Data on Exports and Imports for the United States Over