If USExports Are $300 Billion and U

question 225

Multiple Choice

If U.S.exports are $300 billion and U.S.imports total $350 billion,which of the following is correct?

• A)The U.S.has a trade surplus of $350 billion.
• B)The U.S.has a trade surplus of $50 billion.
• C)The U.S.has a trade deficit of $350 billion.
• D)The U.S.has a trade deficit of $50 billion.

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Definitions:

Redemptioners

Immigrants, particularly in the 18th and 19th centuries, who signed contracts to work in America for a period in exchange for their passage being paid.

Cadwallader Colden

An 18th-century Scottish physician, scientist, and lieutenant governor of New York known for his work in botany and colonial administration.

Junto

A political or literary club or group, especially one formed for mutual improvement or the exchange of ideas.

Task Labor System

A system of labor, typically associated with slavery in the American South, where slaves were assigned specific tasks to complete each day, as opposed to working from sunrise to sunset.