3. Which one of the following is the most accurate statement? (LO5)

a) The American empire, like the Romans, the Spanish, and the British before us, uses its military might to force other nations to provide us with low-cost goods.

b) No one would ever suggest that there is such a thing as an American empire.

c) We have become very dependent on our trading partners, who have been willing to accept U.S.

dollars to fi nance our trade defi cits.

d) Although our international trade position has deteriorated in recent years, we can continue on this course indefi nitely.