Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the first quarter of 2009, the United States trade deficit fell to its lowest level in a decade. This means that: a. the US

In the first quarter of 2009, the United States trade deficit fell to its lowest level in a decade. This means that:

a. the US exported more to foreign countries than it imported from the rest of the world

b. foreign countries exported more to the US than they imported from the rest of the world

c. the US imported more from the rest of the world than it exported to the rest of the world

d. Foreign countries imported more from the US than they exported to the US

Please choose only one.

Step by Step Solution

3.38 Rating (160 Votes )

There are 3 Steps involved in it

Step: 1

Answer i The correct option is Option D ii Foreign countries impo... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Corporate Finance

Authors: Richard Brealey, Stewart Myers, Alan Marcus

7th edition

978-0077616472, 77616472, 78034647, 978-0071314749, 71314741, 978-0078034640

More Books

Students also viewed these Economics questions

Question

3. Speak respectfully. Use the students name.

Answered: 1 week ago