Which statement is true?
A) Until 1971,the U.S.ran a trade deficit virtually every year of the 20th century.
B) The U.S.ran trade surpluses for most of the 19th century.
C) In the 1920s,the U.S.flooded the rest of the world with consumer goods such as Model T Fords,radios and waffle irons as our trade surpluses increased.
D) Until after WWII most of U.S.exports were agricultural products,such as cotton and grain sent to Europe.
Correct Answer:
Verified
Q194: Statement I: Most clothing and footwear sold
Q195: Statement I: The U.S.protected its industries with
Q196: When he was president,George W.Bush proposed drilling
Q197: Statement I: There are no valid arguments
Q198: Which statement is true?
A)Comparative advantage and absolute
Q200: Statement I: Our high rate of savings
Q201: Statement I: Business-oriented Republican administrations kept tariffs
Q202: We have run trade deficits every year
Q203: Statement I: Many economists believe that the
Q204: Farm subsidies
A)enable industrial nations to export much
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