Asked by
Alexandros Stathopoulos
on Oct 13, 2024
Verified
Statement I: We pay for a large part of our trade deficit with U.S.dollars.
Statement II: The United States is much more dependent on foreign trade than it was 30 years ago.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Trade Deficit
A scenario in which a nation's expenditure on imported goods and services surpasses its revenue from exports, leading to a net export of the home currency to international markets.
U.S. Dollars
The official currency of the United States, represented by the symbol $.
- Uncover the historical sequences in the net exports of the United States.
- Understand the structure and purpose of major international economic organizations and agreements (e.g., IMF, World Bank, NAFTA, WTO).
Verified Answer
AM
Learning Objectives
- Uncover the historical sequences in the net exports of the United States.
- Understand the structure and purpose of major international economic organizations and agreements (e.g., IMF, World Bank, NAFTA, WTO).