Since 1975, the U.S. Has Had A(n) ________

question 5

Multiple Choice

Since 1975, the U.S. has had a(n) ________.

• A) export surplus
• B) import surplus
• C) trade surplus
• D) trade deficit

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Definitions:

Average Time

The mean value that summarizes how long a process or task takes, calculated by dividing the total time by the number of occurrences.

System

A set of connected or interrelated entities that form a unified whole, functioning together towards a common goal.

Poisson Process

A Poisson process is a statistical process that models the occurrence of random events in a fixed interval of time or space.

Mean Arrival Time

The average time it takes for an entity or set of entities to reach a certain point, commonly used in queueing theory and logistics.