Before 1970 the United States generally had a trade ________ and since 1970 the United States has generally run a trade ________.
A) surplus; surplus
B) surplus; deficit
C) deficit; deficit
D) deficit; surplus
Correct Answer:
Verified
Q64: In 2016 the United States imported approximately
Q65: In 2016 the United States exported approximately
Q66: The rate at which prices in general
Q67: In Econland exports equal 25 percent of total
Q68: A trade deficit occurs when:
A)government spending exceeds
Q70: The unemployment rate in the United States:
A)falls
Q71: Major macroeconomic questions include all of the
Q72: In Econland exports equal 15 percent of total
Q73: A trade imbalance occurs when:
A)exports from and
Q74: Major macroeconomic issues include differences across countries
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