Which of the Following Is NOT an Economic Element of the United

question 11

Multiple Choice

Which of the following is NOT an economic element of the United States in relation to its position in the world economy?

• A)Although it has a trade deficit with most competitors,it exports more goods than it imports.
• B)It has a wide base of natural resources.
• C)It has the most diversified economy among its major competitors.
• D)It is the most economically competitive of its major competitors.
• E)All these answers are correct.

---

Definitions:

Irish Immigrants

Individuals from Ireland who migrated to other countries, notably to the United States during the 19th and early 20th centuries, often due to famine and economic hardship.

Lowell Textile Mills

Factories in Lowell, Massachusetts, that were among the first to use mechanized textile production in the United States.

Steam Power

The use of steam engines to generate power, a key component of the Industrial Revolution, transforming manufacturing, transportation, and technological innovation.

Coastal Towns

Small cities or settlements located along the coastline, often known for their scenic beauty and maritime activities.