Following World War II,the United States Gradually Moved from a Balance-Of-Trade

question 59

Multiple Choice

Following World War II,the United States gradually moved from a balance-of-trade surplus into a deficit.This shift was a result of the

• A) devaluation of the dollar.
• B) failure of many European countries to honor the Bretton Woods agreement.
• C) increasing capacity of European countries to compete with the United States in world markets.
• D) U.S. reluctance to provide economic assistance to developing countries.
• E) European countries' investing heavily in the United States.

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