Which is the most accurate statement?
A) Our trade deficit has narrowed since 1995.
B) We export more merchandise than services (in terms of dollars) .
C) The largest service purchase that foreigners make from the U.S.is educational services.
D) In recent years foreigners have generally refused to accept U.S.dollars in payment for their goods and services.
Correct Answer:
Verified
Q10: We run a trade _ on goods
Q11: Statement I: Most economists support the concept
Q12: Net exports is a negative figure whenever
A)a
Q13: If U.S.imports of goods and services exceed
Q14: Net exports are
A)the smallest component of GDP.
B)income
Q16: The NAFTA agreement affects our trade with
A)AsiA.
B)North
Q17: Since the formation of NAFTA,our trade deficit
Q18: Congress has ratified
A)both NAFTA and GATT.
B)neither NAFTA
Q19: Relative to the trade deficit in 1990
Q20: Which statement is true?
A)C + I +
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