Asked by Brandon Watson on May 04, 2024
Verified
In 2018, U.S. exports of services ______ U.S. imports of services by about _____.
A) exceeded; $20 B
B) fell short of; $20 B
C) exceeded; $270 B
D) fell short of; $220 B
Exports
Merchandise or services transferred for sale or exchange from one country to another.
Imports
Products or services that are imported into a country from overseas to be sold.
- Understand the primary exports and imports of the United States and various countries, as well as the critical role of service exports.
Verified Answer
MF
Morgan FowlerMay 09, 2024
Final Answer :
C
Explanation :
According to the Bureau of Economic Analysis, U.S. exports of services exceeded U.S. imports of services by about $270 billion in 2018.
Learning Objectives
- Understand the primary exports and imports of the United States and various countries, as well as the critical role of service exports.
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