Which of the following is true of U.S. international trade?
A) U.S. international trade represents about 50 percent of U.S. GDP.
B) Italy was one of the major trading partners of the U.S. in 2011.
C) U.S. exports include crude oil and refined petroleum.
D) The U.S. economy is a closed economy.
E) U.S. imports of goods and services in 2011 amounted to 18 percent of GDP.
Correct Answer:
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