As a Result of the 2007-2009 Recession

question 248

Multiple Choice

As a result of the 2007-2009 recession,

• A) declining imports created a trade surplus for the United States.
• B) the U.S. trade deficit grew significantly.
• C) declining imports reduced the size of the U.S. trade deficit.
• D) roughly equivalent declines in both exports and imports left the U.S. trade balance unchanged.

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Definitions:

Assignor

An individual or entity that transfers rights or interests in a contract to another, known as the assignee.

Assignee

A person or entity to whom rights or interests are transferred by another, known as the assignor.

Delegator

A delegator is a person or entity that assigns duties or responsibilities to another, often in the context of a contractual or work-related relationship.

Non-assignable

A characteristic of a contract or right indicating that it cannot be transferred or delegated to another party without the consent of the original party or parties.