If the United States Has a Trade Deficit

question 88

Multiple Choice

If the United States has a trade deficit:

• A) Exports exceed imports.
• B) The U.S.economy produces more than it consumes.
• C) The trade balance is negative.
• D) The export ratio is high.

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Definitions:

Competitive Strategies

Tactics and plans developed by a business to achieve a competitive advantage in the market and outperform its competitors.

Porter's

Refers to theories and models developed by Michael E. Porter, including his Five Forces framework for industry analysis and competitive strategy.

Cola Drink

A carbonated soft drink flavored with cola nuts and other ingredients.

SWOT Analysis

A strategic planning technique used to help an individual or organization identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.