The Merchandise Trade Balance Does Not Include

question 8

Multiple Choice

The merchandise trade balance does not include

• A)exports of refrigerators
• B)imports of automobiles
• C)exports of agricultural products
• D)shipping and insurance costs
• E)imports of food items with heavy tariffs

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Definitions:

Fossil Fuels

Natural fuels such as coal, oil, and natural gas formed from the decomposed remains of ancient plants and animals.

Greenhouse Gases

Gases in Earth's atmosphere, such as carbon dioxide, methane, and water vapor, that trap heat and contribute to global warming.

Excessive Pollution

The presence of contaminants in the environment at levels that are harmful to living organisms and natural ecosystems.

Nonrenewable

Describes resources, such as fossil fuels or minerals, that cannot be replenished within a human lifespan when consumed.