The Relative Decline of the United States in the Share

question 24

Multiple Choice

The relative decline of the United States in the share of world output and world exports reflects ____.

• A) an increase in the barriers to foreign trade in the U.S.
• B) the deepening of the global financial crisis
• C) the reduced industrialization in developing nations
• D) the growth in the economic development of the world economy

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Definitions:

Transaction

An agreement or exchange between two parties that involves the sale, purchase, or trade of goods, services, or information.

Book Balance

The Book Balance represents the amount of money a company records in its accounting records, not necessarily reflecting the available or actual cash on hand.

Available Cash Balance

The amount of cash that a company has on hand after accounting for all operational and investment expenses.

Electronically

Pertaining to the use of computers, the internet, or other digital technology to facilitate processes, transactions, or communications.