For 2009, U

question 11

Multiple Choice

For 2009, U.S. B2B revenue was estimated to be approximately ______.

• A) $292 billion
• B) $680 billion
• C) $29 trillion
• D) $3.8 trillion

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Definitions:

Trade Deficit

A situation where a country's imports exceed its exports, indicating that it is buying more from other countries than it is selling to them.

Consume Less

A behavioral or economic principle where individuals or entities choose to purchase or use fewer goods and services, often to save money or reduce environmental impact.

Comparative Advantage

Comparative Advantage is an economic theory suggesting that countries should produce and export goods for which they have a lower opportunity cost compared to other countries.

Opportunity Cost

The forgone value of what you give up when you make a choice.