The USHas a Balance of Trade Deficit When Its

question 19

Multiple Choice

The U.S.has a balance of trade deficit when its

• A) merchandise exports exceed its merchandise imports.
• B) merchandise imports exceed its merchandise exports.
• C) goods and services exports exceed its goods and services imports.
• D) goods and services imports exceed its goods and services exports.

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Definitions:

Precedent

A legal decision or form of proceeding serving as an authoritative rule or pattern in future similar or analogous cases.

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of constitutional and federal law.

Senatorial Courtesy

A customary practice in the U.S. Senate where senators give deference to the opinions of their colleagues from the same state in matters of federal appointment within that state.

Constitutional Innovations

New or novel changes, developments, or improvements made to a country's constitution to better reflect the evolving needs and values of its society.