With Which of the Following Countries Does the United States

question 31

Multiple Choice

With which of the following countries does the United States have its largest goods and services deficit?

• A) Canada
• B) Germany
• C) Japan
• D) China

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Definitions:

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Cooperatives

An organization owned and operated by a group of individuals for their mutual benefit, where members share in the decision-making process and profits.

Limited Liability

A legal principle that limits an investor's loss in a business venture to the amount of capital invested, protecting personal assets from business debts and obligations.

Tax-Exempt Status

A designation that exempts specific entities or income from tax under federal or state laws.