Which of the Following Statements About Trade Is True

question 82

Multiple Choice

Which of the following statements about trade is true?

• A) On a global scale,exports are greater than imports.
• B) The United States has a trade deficit with all of the countries it trades with.
• C) The United States typically has a modest trade surplus in services.
• D) The United States has a high export ratio.

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Definitions:

Marketing ROI

Marketing ROI, or Return on Investment, measures the efficiency and profitability of investment in marketing activities, comparing the gain from these activities to their cost.

Planning Phase

The initial stage in a project or process where goals are set, strategies are developed, and tasks are outlined.

Marketing Program

A strategic plan that combines all marketing goals and objectives into one comprehensive plan, utilizing various advertising and promotional activities.

Target Markets

Specific groups of potential customers at whom a company aims its products or services.