Currently, a Majority of U

question 19

True/False

Currently, a majority of U.S. imports come from Canada, Japan, Mexico, and China.

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Definitions:

Intangible Activity

Economic or business activity that is not physical in nature, often related to services, knowledge, or intellectual property.

Tangible

Physical objects or assets that can be seen, touched, and measured.

Physical

is related to material things or bodies rather than the mind or spirit, often used in terms of physical properties or possessions.

Circular-flow Model

An economic model illustrating the movement of resources and money between producers and consumers within an economy, showcasing the interconnectedness of businesses, households, and the government.