When US Merchandise Exports Are Greater Than Imports, the United States

question 91

Multiple Choice

When U.S. merchandise exports are greater than imports, the United States is running a

• A)trade deficit.
• B)trade surplus.
• C)trade balance.
• D)capital account surplus.

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Definitions:

Large-scale Privatization

The process of transferring ownership of large government enterprises to private entities.

Karl Marx

A 19th-century philosopher and economist known for his theories on capitalism and communism.

Private Enterprise

Business operations and ownership by private individuals rather than by the government, encouraging competition and innovation.

Communism

A political and economic ideology advocating for a classless society where all property is publicly owned and each person works and is paid according to their abilities and needs.