
Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800
Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 3
Which is the most accurate statement?
A) Our trade deficit has narrowed since 1995.
B) We export more merchandise than services (in terms of dollars).
C) The largest service purchase that foreigners make from the United States is educational services.
D) In recent years foreigners have generally refused to accept U.S. dollars in payment for their goods and services.
A) Our trade deficit has narrowed since 1995.
B) We export more merchandise than services (in terms of dollars).
C) The largest service purchase that foreigners make from the United States is educational services.
D) In recent years foreigners have generally refused to accept U.S. dollars in payment for their goods and services.
Explanation
Trade deficit refers to the situation wh...
Economics 11th Edition by Stephen Slavin
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