Which of the Following Statements About the U

question 47

Multiple Choice

Which of the following statements about the U.S. trade deficit is TRUE?

• A) The U.S. trade deficit has steadily declined.
• B) The U.S. trade deficit has only negative economic impacts upon the American economy and consumer.
• C) The trade deficit is solely a result of the United States reducing tariffs thus allowing for more foreign goods to enter the American market.
• D) The fact that the U.S. dollar is a main international reserve currency helps to offset the negative economic impact of the trade deficit.
• E) All of these are true.

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