Which of the Following Statements Is Correct

question 87

Multiple Choice

Which of the following statements is correct?

• A)Throughout U.S. history prices have fallen in more years than they have risen.
• B)Prices have risen every year in the United States since 1800.
• C)Prices have fallen in the majority of years since 1939.
• D)Prices fell every year in the 1980s.

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Definitions:

U.S. Economy

The economic system of the United States, characterized by a mixed economy with high levels of both government and private sector activity.

Nation's Exports

The goods and services produced in one country and sold to buyers in another country.

Imports

Goods or services brought into one country from another for sale or exchange.

Exchange Rate

The value of one currency for the purpose of conversion to another, impacting trade and economics globally.