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.

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.

Multiple Choice QuestionWhich of the following describes a scenario where U.S. imports of goods and services exceeds U.S. exports of goods and services?Multiple choice question.A trade balanceA trade surplusA trade deficitA balance of trade

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

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

Multiple Choice QuestionWhat is the result for the United States when the sale of U.S. goods and services abroad is significantly lower than its purchase of imported goods and services?Multiple choice question.The current account experiences a surplus.Official reserves expand.Foreign debt decreases.Foreign debt increases.