Which of the Following Would Tend to Contribute to a U.S

question 57

Multiple Choice

Which of the following would tend to contribute to a U.S. current account surplus?

• A)The United States makes a unilateral tariff reduction on imported goods.
• B)The United States cuts back on American military personnel stationed in Japan.
• C)U.S.tourists travel in large numbers to Asia.
• D)Russian vodka becomes increasingly popular in the United States.

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Definitions:

World Trade Organization

An international organization designed to supervise and liberalize world trade, by providing a forum for negotiating trade agreements and a dispute resolution process.

Agricultural Products

Goods derived from the cultivation of land and the raising of crops and livestock.

Dumping

The practice whereby a company exports a product at a price lower than the price it normally charges in its own home market, often considered as unfair competition.

Exports

Trade goods or services exported from one country to another for commercial exchange or sale.