Which Statement Is True

question 103

Multiple Choice

Which statement is true?

• A)Nations should strive for self-sufficiency.
• B)The U.S.balance of trade has always been positive.
• C)Our biggest trade deficit was a little over $150 billion.
• D)Our balance of trade turned negative in the mid-1970s.

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Definitions:

Foreign Policy Tools

Various means a country uses to achieve its foreign policy objectives, including diplomacy, economic aid, military intervention, and international treaties.

International Monetary Structure

The system of exchange rates and international payments that enables countries to transact with each other.

Diplomacy

The practice of managing international relations by negotiating, typically by a country's representatives abroad.

Trans-Pacific Partnership

A trade agreement among multiple Pacific Rim countries aiming to enhance trade and economic integration, excluding China.