Multiple Select QuestionSelect all that applyWhich factors contributed to the U.S. trade deficit in 2020–2021?Multiple select question.U.S trading partners experienced a faster recovery from the COVID-19 recession than the United States did.The U.S. economy had a strong rebound in growth following the 2020 recession.Many foreign customers cut back on their purchases of U.S. exports in 2020 and 2021.American customers had extra cash to spend as the result of U.S. stimulus payments.

Multiple Select QuestionSelect all that applyWhich of the following have contributed to large U.S. trade deficits over the past 20 years?Multiple select question.The Great Recession of 2007-2009The large trade imbalance the United States has with ChinaThe U.S. economy growing more rapidly than those of its trading partnersThe weakness of the U.S. currency relative to its trading partners

What is one cause of the U.S. trade deficit?A.Increased imports from ChinaB.Increased U.S. exportsC.Increased prices at WalmartD.Increased manufacturing in the United States

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.

Multiple Select QuestionSelect all that applyForeigners buying large quantities of U.S. assets result in which of the following?Multiple select question.The weakening of the U.S. dollarAn increase in the U.S. trade deficitA surplus on the U.S. capital and financial accountDecreased consumption of foreign-made goods

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