Asked by
Narinder Singh
on Nov 12, 2024
Verified
In 2014,the United States had the largest merchandise trade deficit with:
A) the European Union.
B) Canada.
C) China.
D) Mexico.
E) Brazil.
Merchandise Trade Deficit
The situation that occurs when a country imports more goods than it exports, leading to a negative trade balance.
European Union
A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure peace, prosperity, and freedom of movement.
Brazil
Brazil is the largest country in South America and the fifth largest in the world, known for its diverse culture and strong economy.
- Absorb the details regarding the components of a national trade balance in goods.
- Analyze the relationship between a country's trade balance and its economic activities.
Verified Answer
DR
Learning Objectives
- Absorb the details regarding the components of a national trade balance in goods.
- Analyze the relationship between a country's trade balance and its economic activities.