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Explain clearly Which of the following statements about trade is true? Multiple Choice On a global scale, exports are greater than imports. The United States
Explain clearly
Which of the following statements about trade is true? Multiple Choice On a global scale, exports are greater than imports. The United States has a trade deficit with all of the countries it trades with. O O O The United States typically has a modest trade surplus in services. 3 The United States has a hioh export ratio. U.S. exports Multiple Choice O have tended to decrease over time as a percentage of GDP. O constitute a relatively low share of GDP compared to most other nations. O make up about 12% of GDP. O -hThe United States typically has a merchandise and a service Multiple Choice O deficit; deficit O surplus; surplus O deficit; surplus O surplus deficitStep by Step Solution
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