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What Most Accurately Describes the U

Question 9

Multiple Choice

What most accurately describes the U.S. balance of payments?


A) From 1850-1873 the U.S. had an unfavorable balance of payments, but exports exceeded imports from 1873-1919.
B) The U.S. had an unfavorable balance of payments from 1850-1919.
C) Exports exceeded imports from 1850-1919.
D) The U.S. had a favorable balance of payments from 1874 until World War I. During the war U.S. imports exceeded imports.

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