Which of the following statements about trade is true?
A) On a global scale,exports are greater than imports.
B) The United States has a trade deficit with all of the countries it trades with.
C) The United States typically has a modest trade surplus in services.
D) The United States has a high export ratio.
Correct Answer:
Verified
Q23: In the absence of trade,a country's consumption
Q24: The alternative combinations of goods and services
Q25: Which of the following is true about
Q26: A trade surplus occurs when:
A) The dollar
Q27: International trade:
A) Raises the prices that consumers
Q29: International trade:
A) Benefits rich countries but not
Q30: Which of the following is not true
Q31: If there are only two countries in
Q32: Comparative advantage refers to the:
A) Total amount
Q33: Which of the following is a gain
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