During the Last Several Decades, the Size of the Trade

question 92

Multiple Choice

During the last several decades, the size of the trade sector (exports plus imports) of the United States has been

• A) increasing as a share of the economy.
• B) relatively constant as a share of the economy.
• C) declining as a share of the economy.
• D) increasing during periods of recession, but declining during periods of strong economic growth.

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Definitions:

Plaintiff

The party who initiates a lawsuit in civil court against another party, known as the defendant, seeking legal remedy for an alleged wrong.

Trespass to Realty

An unlawful intrusion or entry onto someone else's land or property without permission.

Landowner's Permission

The consent given by the owner of a piece of land for another party to use the land or undertake specific activities on it.

Nominal Damages

Nominal damages are a small sum of money awarded to a plaintiff in a lawsuit, acknowledging that a legal right has been violated, but no substantial harm was suffered.