Which Is the Most Accurate Statement

question 141

Multiple Choice

Which is the most accurate statement?

• A)Because the American economy is much larger than any other country,we can continue running larger and larger trade deficits for as long as we like.
• B)Most of the protesters at WTO meetings oppose strict environmental standards.
• C)Since the passage of NAFTA our trade deficits with Mexico and Canada have increased.
• D)Most economists would describe themselves as being against free trade.

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Definitions:

Deng Xiaoping

A Chinese communist leader who initiated significant economic reforms in China from the late 1970s, leading to its market economy transformation.

Civilian Goods

Items produced for use by civilians, rather than for military purposes.

National Defense

The protective measures taken by a nation in order to defend itself against potential aggressors, including military forces and defense strategies.

Public Goods

Are goods that are non-excludable and non-rivalrous, meaning they can be consumed by one person without preventing the consumption of the good by another, and no one can be effectively excluded from using the good.