Statement I: Our Overall Imbalance of Trade Has Never Exceeded

question 128

Multiple Choice

Statement I: Our overall imbalance of trade has never exceeded $100 billion.
Statement II: Our overall imbalance of trade was lower in 2009 than it was in 1990.

• 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:

Capital Stock

The total physical, non-human assets of a company or economic system used in the production of goods and services.

Retail Value

The price at which goods are sold to the final consumer, inclusive of markups by retailers.

Directly

In a straightforward or unmediated way, often referring to a direct cause and effect relationship or manner of communication.

Indirectly

In a way that is not directly evident or straightforward; involving an intermediary step or process.