The Sharp Deterioration of the US Trade Balance on Goods

question 27

Multiple Choice

The sharp deterioration of the US trade balance on goods after the 1970s was due in large part to which of the following?

• A)The sharp rise in the price of imported petroleum products during the 1970s
• B)The high international value of the dollar in the 1980s
• C)The more rapid growth of the United States than Europe and Japan during the 1990s
• D)All of the above

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Definitions:

Immediacy

The quality of bringing one into direct and instant involvement with something, giving a sense of urgency or importance.

Cost

The amount of money required to purchase, produce, or maintain something.

Crisis Communication

The strategy and execution of communicating effectively during a crisis to manage perceptions and mitigate damage to reputation.

Informal Language

Language that is colloquial, casual, and not bound by strict grammatical rules, often used in personal or less formal contexts.