Multiple Choice
Which of the following is not true about the U.S.trade balance since 1979?
A) The balance of trade has been in deficit.
B) During recessions the balance has usually been flat.
C) The balance of trade has been in surplus.
D) When the economy expanded, the demand for imports increased.
E) When the economy expanded, the trade balance worsened.
Correct Answer:

Verified
Correct Answer:
Verified
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