Asked by
Ashley Manning
on Nov 26, 2024Verified
In 2018, the United States
A) imported more services than it exported.
B) imported more goods than it exported.
C) traded mainly with developing nations such as Mexico and India.
D) had a small trade surplus in goods and services.
Trade Surplus
A situation where a country's exports exceed its imports during a specific period, reflecting a positive balance of trade.
Imported More
A situation where a country or region purchases and brings in more goods or services from other countries than it sells to them.
Developing Nations
Countries with lower industrialization levels and lower Human Development Index (HDI) compared to more industrialized countries.
- Determine the leading global export powers and grasp the critical nature of their contributions to worldwide trade.
Verified Answer
EO
Learning Objectives
- Determine the leading global export powers and grasp the critical nature of their contributions to worldwide trade.