Asked by Pavlog Pawluk on Jul 29, 2024
Verified
The United States has had significant trade and current account surpluses in recent years.
Account Surpluses
Situations where a country's exports exceed its imports over a given period, leading to a positive balance of trade.
- Understand the effects of trade balances on national economies and currency values.
Verified Answer
ZK
Zybrea KnightAug 01, 2024
Final Answer :
False
Explanation :
The United States has consistently run trade and current account deficits for several decades, importing more goods and services than it exports.
Learning Objectives
- Understand the effects of trade balances on national economies and currency values.