Which of the following is not true currently?
A) The United States has an overall trade surplus.
B) The United States has a low export ratio.
C) The United States has a merchandise trade deficit.
D) The United States has a services trade surplus.
Correct Answer:
Verified
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
Q28: Which of the following statements about trade
Q29: International trade:
A) Benefits rich countries but not
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
Q34: If a country specializes in production and
Q35: World output of goods and services increases
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