Which of the Following Is True of U

question 65

Multiple Choice

Which of the following is true of U.S.net exports prior to the 1960s?

• A)Since most of the oil needs of the U.S.were met through imports,imports exceeded exports prior to the 1960s in the U.S.
• B)Prior to the 1960s,exports from the U.S.more or less equalled imports into the U.S.
• C)The U.S.was running a trade surplus prior to the 1960s.
• D)Prior to the 1960s,the U.S.ran twin deficits- both a current account deficit as well as a budget deficit.
• E)Since the U.S.dollar was overvalued prior to the 1960s,the U.S.exported less than it imported.

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