In 1971, for the First Time in the Twentieth Century

question 14

True/False

In 1971, for the first time in the twentieth century, the United States experienced a merchandise trade deficit.

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Definitions:

Price Decreases

A reduction in the cost at which goods and services are sold, making them more affordable to consumers.

Freelance Journalist

A self-employed reporter or writer who sells stories or articles to media outlets without being permanently attached to any one employer.

Consumption Goods

Items that are intended for use or consumption by the end-user, encompassing food, clothing, and electronics.

Volleyball

A team sport where two teams, typically of six players each, compete to ground a ball on the other team's court under organized rules.