Which of the Following Statements About United States Trade Deficit

question 90

Multiple Choice

Which of the following statements about United States trade deficit is most accurate?

• A) The United States had a positive trade balance between 2006 and 2008 but has had a negative trade balance since 2008.
• B) The United States had a negative trade balance between 2006 and 2008 but has had a positive trade balance since 2008.
• C) The United States has exported as much as it has imported since 2006.
• D) The United States has had a negative trade balance since 2006.
• E) The United States has had a positive trade balance since 2006.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by comparing current assets to current liabilities.

Current Ratio

A liquidity ratio calculated as current assets divided by current liabilities, indicating the ability of a company to pay short-term obligations.

Current Liabilities

Debts or obligations that a company expects to pay off within one fiscal year, including accounts payable, short-term loans, and accrued expenses.

Current Assets

Assets that a company expects to convert into cash, sell, or use up within one year or within its operating cycle if longer than a year.