During the years 1970-1986,the merchandise balance of trade in the U.S.shifted from a
A) trade deficit to a trade surplus.
B) small trade deficit to a large trade surplus.
C) trade surplus to a large trade deficit.
D) small trade surplus to a large trade surplus.
E) large trade surplus to a relatively small trade deficit.
Correct Answer:
Verified
Q35: Which of the following would NOT be
Q36: When there is no comparative advantage between
Q37: Q38: Statement I: Japan is a society that Q39: Making a pound of wool takes 5 Q41: International trade Q42: Statement I: The Japanese drove American TV Q43: The existence of absolute advantage Q44: A nation has a comparative advantage over Q45:
A)benefits consumers but harms producers.
B)can only
A)implies that there
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