Asked by
Ankit Shandilya
on Nov 12, 2024Verified
Which of the following is not true about the U.S.trade balance since 1979?
A) The balance of trade has been in deficit.
B) During recessions the balance has usually been flat.
C) The balance of trade has been in surplus.
D) When the economy expanded,the demand for imports increased.
E) When the economy expanded,the trade balance worsened.
U.S. Trade Balance
The difference between the monetary value of exports and imports of the United States over a specific time period.
Recessions
A significant decline in economic activity across the economy, lasting more than a few months.
Deficit
The amount by which government spending exceeds its revenue over a specified period, leading to borrowing or budget shortfalls.
- Examine the correlation between a nation's trade balance and its economic operations.
Verified Answer
IB
Learning Objectives
- Examine the correlation between a nation's trade balance and its economic operations.