The Type of Good with the Smallest Trade Deficit in the U.S

question 131

Multiple Choice

The type of good with the smallest trade deficit in the U.S. based on data from 2016 is:

• A) foods, feeds, and beverages.
• B) capital goods.
• C) industrial goods.
• D) automotive goods.

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Definitions:

Total Direct Labour Cost

The complete expense incurred for paying employees who directly work on the production of goods.

Direct Labour Hours

The number of hours worked directly on manufacturing a product or providing a service, used in costing and operational efficiency analysis.

Budgeted Balance Sheet

A financial statement that projects the financial position of a company at a future date, showing expected assets, liabilities, and equity balances.

Cash Number

A numerical value representing the amount of liquid assets or cash available to an entity at a specific point in time.