Which One of the Following Is Not a Major Factor

question 72

Multiple Choice

Which one of the following is not a major factor that contributed to large trade deficits in the United States in the period 2002-2007?

• A) a declining saving rate coupled with a rising investment rate in the U.S.
• B) a U.S. economy growing faster than its trading partners
• C) large trade deficits with OPEC economies
• D) flexible exchange rate between the U.S. dollar and the Chinese yuan

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Definitions:

Metric Equivalent

A value or measurement that corresponds to a traditional unit in the metric system of measurement.

Gram

A metric unit of mass equal to one thousandth of a kilogram.

Metric Equivalent

A measurement converted into the metric system, which is based on meters, liters, and grams.

Milliliter

A unit of volume in the metric system, equal to one thousandth of a liter, commonly used to measure liquids.