We Began Running Consecutive Annual Trade Deficits

question 11

Multiple Choice

We began running consecutive annual trade deficits

• A)before we began running current account deficits.
• B)at the same time we began running current account deficits.
• C)after we began running current account deficits.

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Definitions:

Complements

Products or services that are often used together, such that demand for one increases the demand for the other.

Complements

Products or services that are commonly consumed in conjunction with one another, where a rising demand for one results in a corresponding increase in demand for the other.

Substitutes

Goods or services that can replace each other in use, where a rise in the price of one leads to an increase in demand for the other.

Complements

Goods or services that are often used together, where an increase in demand for one leads to an increase in demand for the other.