Asked by
Ammar Ishaq
on Dec 13, 2024
Verified
Which of the following statements about the relationship between the imports into the United States and the exports from the United States during the last 40 years is most accurate?
A) Exports from the United States have declined, while import levels have remained about constant.
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 balance of trade surplus.
E) Imports have exceeded exports, indicating a continuing balance of trade deficit.
Balance of Trade Deficit
An economic measure where a country's imports exceed its exports during a specific time period.
Imports and Exports
The practice of bringing goods and services into a country (imports) and sending goods and services out of a country (exports) to engage in international trade.
United States
A country located in North America comprised of 50 states, a federal district, five major self-governing territories, and various possessions, known for its diverse geography, culture, and economy.
- Understand the trade balance and its impact on the economic health of a nation.
Verified Answer
MP
Learning Objectives
- Understand the trade balance and its impact on the economic health of a nation.