Which of the following statements best describes the relationship between the imports into the United States and the exports from the United States during the last 30 years?
A) No accurate data has been made available from the WTO on trade imports and exports.
B) The volume of both imports and exports has consistently decreased.
C) Imports into the United States and exports have been about equal, indicating balanced trade.
D) Exports have exceeded imports, indicating a continuing trade surplus.
E) Imports have exceeded exports, indicating a continuing trade deficit.

Question

Quizplus · Accepted Answer

During the last 30 years, the United States has consistently run a trade deficit, with imports exceeding exports. This is due to a variety of factors, including the strength of the US dollar, the increasing global competition, and the rise of emerging markets. This trade deficit has been a subject of debate and concern for policymakers and economists, with various proposals for reducing it.

Which of the Following Statements Best Describes the Relationship Between