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 of the following is true about the trade imbalance in the United States?Multiple ChoiceThe United States has not had a trade surplus since 1975.All of these are true: The United States has not had a trade surplus since 1975; over the past decade, the U.S. trade deficit has exceeded $300 billion every year; and the United States has the largest trade deficit of the top three economic centers.None of these answers are correct.The United States has the largest trade deficit of the top three economic centers.Over the past decade, the U.S. trade deficit has exceeded $300 billion every year.

Multiple Choice QuestionWhat has occurred in the economic relationship between the United States and China as a result of the United States being China's largest export market and China's standard of living not increasing enough for its citizens to afford large quantities of U.S. goods and services?Multiple choice question.Large trade deficitsLarge budget surplusesPositive balance of paymentsLarge trade surpluses

If the United States has a trade deficit, what does that mean?A.It imports more goods than it exports.B.It manufactures goods rather than exploiting natural resources.C.It exports more goods than it imports.D.It exploits natural resources rather than manufacturing goods.SUBMITarrow_backPREVIOUS

A country exports goods and services valued at $300 million in a year. During that same year, the country imports goods and serves valued at $400 million. Which conclusion best describes the country's balance of trade?A.The country has established a comparative advantage.B.The country has a trade deficit.C.The country has established an absolute advantage.D.The country has a trade surplus.