Which of the Following Statements About the Importance of Trade

question 53

Multiple Choice

Which of the following statements about the importance of trade to the U.S.economy is true?

• A)Since 1950, both exports and imports have steadily decreased as a fraction of U.S. gross domestic product.
• B)Overall, about 80 percent of U.S. manufacturing jobs depend directly or indirectly on exports.
• C)The United States is the second largest exporter in the world.
• D)The U.S. economy is highly dependent on international trade for growth in its gross domestic product.

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Definitions:

Up To Three Years

A phrase indicating a time frame or duration that does not exceed three years.

American Call Option

A type of options contract that gives the holder the right, but not the obligation, to buy a specified quantity of a security at a specified price within a certain time period.

Variance

A statistical measure that represents the dispersion of a set of data points or the degree of spread in a distribution.

Value Decrease

A decline in the worth or price of an asset or security.