If USExports Are $150 Billion and U

question 134

Multiple Choice

If U.S.exports are $150 billion and U.S.imports are $100 billion,which of the following is correct?

• A)The U.S.has a trade surplus of $100 billion.
• B)The U.S.has a trade surplus of $50 billion.
• C)The U.S.has a trade deficit of $100 billion.
• D)The U.S.has a trade deficit of $50 billion.

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Definitions:

Effects

Results or outcomes that are the consequence of specific actions or events.

Culture

The social behavior, norms, knowledge, and artifacts of a group of people, passed through generations.

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The fundamental characteristics and underlying principles of contracts or understandings between parties.

Cultures

The traditions, artistic expressions, societal structures, and accomplishments belonging to a specific country, ethnic group, or community.