Asked by Emily Jackson on Jun 07, 2024
Verified
We have run merchandise trade deficits of over $70 billion since
A) 1963.
B) 1969.
C) 1973.
D) 1979.
E) 1983.
Merchandise Trade Deficits
A situation where a country's value of imports of physical goods exceeds the value of its exports.
- Recognize the role of exchange rates and the balance of trade in international economics.
Verified Answer
CW
Connor WagnerJun 11, 2024
Final Answer :
E
Explanation :
The question asks for merchandise trade deficits over $70 billion, which began in 1983 according to the answer choices. Therefore, the correct choice is E.
Learning Objectives
- Recognize the role of exchange rates and the balance of trade in international economics.