Which of the Following Is True of U

question 65

Multiple Choice

Which of the following is true of U.S.net exports prior to the 1960s?

• A)Since most of the oil needs of the U.S.were met through imports,imports exceeded exports prior to the 1960s in the U.S.
• B)Prior to the 1960s,exports from the U.S.more or less equalled imports into the U.S.
• C)The U.S.was running a trade surplus prior to the 1960s.
• D)Prior to the 1960s,the U.S.ran twin deficits- both a current account deficit as well as a budget deficit.
• E)Since the U.S.dollar was overvalued prior to the 1960s,the U.S.exported less than it imported.

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Definitions:

Evolution

is the process by which different kinds of living organisms have developed and diversified from earlier forms during the history of the earth.

Ancient Species

A term usually referring to species that have existed on Earth for a very long time and may either be extinct or have modern descendants.

Laurasia

Laurasia refers to the northernmost of two supercontinents (the other being Gondwana) that formed part of the Pangaea supercontinent in late Paleozoic and early Mesozoic times.

Continental Structure

The geological configuration and constituents of continents, including the crust, mantle shelf areas, and tectonic activities.