Why are the health and stability of the U.S. economy a major concern for countries around the world?A.The United States has the world's largest economy by a large margin.B.The United States only promotes international free trade when its economy is strong.C.The United States has the ability to shut down the World Bank if its economy weakens.D.The United States provides most countries with a majority of their imports.SUBMITarrow_backPREVIOUS

As part of the global economy, the United States plays the role of:A.the largest of the developing countries.B.the most economically powerful country.C.the country with the lowest standard of living.D.the country most focused on agriculture.SUBMITarrow_backPREVIOUS

Why is international trade important for economies around the world?A.Trade prevents any one country from establishing an absolute advantage over others.B.Trade allows countries to specialize instead of producing all the goods they need.C.Trade protects countries' domestic industries from foreign competitors.D.Trade encourages countries to invest in a huge variety of different industries.SUBMITarrow_backPREVIOUS

According to the Switzerland-based World Economic Forum,Multiple Choicethe United States has had trade surpluses more than deficits in recent years.the United States has never had a trade surplus.the United States is a larger market than the European Union and the Pacific Rim combined.the United States has the most favorable balance of trade in the world.the United States is economically more competitive than its major rivals.

If the United States exports more goods/services than it imports, then the U.S. would have a(n)Multiple Choicetrade surplus.favored trading nation.trade deficit.increased global impact.unfavorable balance of trade.

Which statement best explains why the United States grew into a world economic power in the 20th century?A.The United States increased its participation in international trade.B.The United States put effective trade barriers in place to limit trade with other nations.C.The United States stayed out of major world wars and instead made economic investments.D.The United States prevented other countries from abandoning the gold standard.