Asked by Debbie Annang on Jun 20, 2024
Verified
Since 1976 our merchandise balance of trade has been ____ and our services balance of trade has been ____.
A) positive;positive
B) negative;negative
C) negative;positive
D) positive;negative
Merchandise Balance
The difference in value between a country's imports and exports of goods.
Services Balance
The difference between a country's exports and imports of services.
Balance Of Trade
The difference between a country's exports and imports of goods.
- Recognize the importance of free trade agreements and economists' perspectives on trade.
Verified Answer
SN
Shubham NayakJun 23, 2024
Final Answer :
C
Explanation :
Since 1976, the United States has generally had a merchandise (goods) trade deficit, meaning it imports more goods than it exports. Conversely, it has maintained a services trade surplus, exporting more services than it imports.
Learning Objectives
- Recognize the importance of free trade agreements and economists' perspectives on trade.