Which of the Following Statements About Recent Developments in Trade

question 9

Multiple Choice

Which of the following statements about recent developments in trade and protectionism in the United States is true?

• A)Although Donald Trump made protectionism a big part of his campaign,he has not taken any concrete protectionist actions with respect to trade.
• B)New protectionist measures in the United States have largely eliminated its trade deficit.
• C)Most U.S.presidents have leaned toward protectionism over free trade since World War II.
• D)President Donald Trump withdrew the United States from NAFTA in 2017.
• E)The United States-Colombia Free Trade Agreement was passed with far more Republican than Democratic support in Congress.

---

Definitions:

Treasury Bonds

Long-term government debt securities with a maturity of more than ten years, offering periodic interest payments to the holder.

Stock Dividends

Financial shares of a company's profit distributed to its shareholders typically issued in proportion to the number of shares held.

Current Account

A component of a country's balance of payments that measures the trade of goods and services, investment income, and direct transfers with foreign entities.

Goods Exports

The act of selling and shipping goods from one country to another country.