Which of the Following Statements About U

question 198

Multiple Choice

Which of the following statements about U.S. international trade in 2016 is CORRECT?

• A) The value of U.S. exports exceeded the value of U.S. imports.
• B) The value of U.S. exports was about 33 percent of the value of total U.S. production.
• C) The United States imported only goods.
• D) The United States was the world's largest trader.

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Definitions:

FICA

The Federal Insurance Contributions Act, a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare.

Monthly Wage Base

The total amount of money earned by an employee in a month before deductions.

Collective Bargaining Agreement

A contract negotiated by an employer and a labor union that covers all issues related to employment.

OSHA

The Occupational Safety and Health Administration, a U.S. government agency responsible for ensuring safe and healthy working conditions.