Asked by
Rimsha mujahid
on Nov 16, 2024
Verified
Which of the following is correct? Since 1950
A) U.S.exports and U.S.imports each have increased slightly.
B) U.S.exports and U.S.imports each have increased significantly.
C) U.S.exports increased only slightly and U.S.imports have increased significantly.
D) U.S.exports have decreased and U.S.imports have increased.
U.S. Imports
Goods and services purchased by residents of the United States from other countries.
U.S. Exports
Goods and services produced in the United States that are sold to other countries.
- Understand the meaning and elements of a nation's trade balance, encompassing exports, imports, trade surplus, and trade deficit.
- Interpret the dynamics of international trade and investment on economic indicators.
Verified Answer
BL
Learning Objectives
- Understand the meaning and elements of a nation's trade balance, encompassing exports, imports, trade surplus, and trade deficit.
- Interpret the dynamics of international trade and investment on economic indicators.