Which of the Following Statements Is True

question 70

Multiple Choice

Which of the following statements is true?

• A) The United States has a trade deficit with the rest of the world.
• B) The United States exports more goods than it imports to China.
• C) The United States has had a healthy trade surplus for several years.
• D) The United States typically has a trillion-dollar trade surplus each year.
• E) none of the above

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Definitions:

Statute of Frauds

A legal doctrine that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be legally enforceable.

Land Leases

Agreements in which landowners allow tenants to use their land for a specified period and conditions, without transferring ownership.

Ancestral Property

Property or assets that are inherited from ancestors, usually passed down through generations within a family.

Memorialize

To record or preserve something in a lasting form, often used in legal contexts to refer to the documentation of agreements or decisions.