Which of the Following Statements About U

question 82

Multiple Choice

Which of the following statements about U.S.international trade in 2009 is correct?

• A) The value of U.S. exports exceeded the value of U.S. imports.
• B) The value of U.S. exports was about 33 percent of the value of total U.S. production.
• C) The United States imported only goods.
• D) The United States was the world's largest trader.

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Definitions:

Machine-Hours

The total hours that a machine is operated over a specific period of time, used in allocating manufacturing costs.

Relevant Range

The scope of operations in which the beliefs regarding constant and fluctuating cost patterns hold true.

Cost Formula

An equation used to predict the total costs associated with a certain level of activity or production volume.

Selling

The process of promoting and exchanging goods or services for value with customers.