Which of the Following Statements About the Relationship Between the Imports

question 114

Multiple Choice

Which of the following statements about the relationship between the imports into the United States and the exports from the United States during the last 30 years is most accurate?

• A) Exports from the United States have declined, while import levels have remained about constant.
• B) The volume of both imports and exports has consistently decreased.
• C) Imports into the United States and exports have been about equal, indicating balanced trade.
• D) Exports have exceeded imports, indicating a continuing balance of trade surplus.
• E) Imports have exceeded exports, indicating a continuing balance of trade deficit.

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Definitions:

Profit and Loss

A financial statement summarizing the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Goodwill Method

An accounting technique used to account for acquired companies over their tangible assets and liabilities, representing intangible assets like brand reputation or intellectual property.

Capital Balance

The amount of money that a person or entity has invested in a business, which may change over time due to profits, losses, and withdrawals.

Independent Appraisal

An objective evaluation of an asset's value, performed by a professional and unbiased third party, often used in financial reporting, transactions, and for legal matters.