The sale of each iPhone in the U.S. counts as an:
A) import, because they are assembled in China.
B) import, because they are assembled in Mexico.
C) export, because they are assembled in China.
D) export, because they are produced in the U.S.
Correct Answer:
Verified
Q3: Countries that typically run a trade surplus
Q4: The value of exports minus the value
Q5: In 2015, exports represented:
A) about 13 percent
Q6: Apple is an American company, but its
Q7: When a country imports more than it
Q9: A country that typically runs a trade
Q11: In 2015, imports represented:
A) about 15 percent
Q12: A main trading partner with the U.S.
Q13: A main trading partner with the U.S.
Q17: A trade surplus occurs when a country:
A)
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