Which statement about trade deficits is correct?
A) A trade deficit occurs when exports exceed imports.
B) The United States has the greatest merchandise deficit of any country in the world.
C) In 1980, the United States had its first trade deficit.
D) The dependence of the United States on foreign natural resources has no effect on its trade deficit.
Correct Answer:
Verified
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Q10: The world's largest importer is
A) Great Britain.
B)
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