Statement I: Since the End of World War II in 1945,the

question 55

Multiple Choice

Statement I: Since the end of World War II in 1945,the world has seen trade barriers fall significantly.
Statement II: The United States ran a trade surplus in merchandise for most of the 20^th century.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Expensive

Describing items or services that require a high financial outlay to purchase relative to their perceived value or compared to alternatives.

Weaker Peso

Refers to a decrease in the value of the peso, the national currency of some countries, against other currencies.

US Imports

Goods or services brought into the United States from other countries for sale or use.

US Exports

US Exports describe goods, services, or commodities that are sent from the United States to other countries for sale or trade.