Asked by Erika Cheng on Apr 28, 2024
Verified
Which is the most accurate statement?
A) Our trade deficit is at a record level and will remain so for the foreseeable future.
B) The economic response to the attacks on 9/11 was similar to the economic response to the attack of Pearl Harbor in 1941.
C) The United States economy is almost self-sufficient.
D) The year 2001 was one of the best in terms of economic performance for the United States.
Trade Deficit
A situation in which a country's imports exceed its exports during a given time period.
Economic Performance
An assessment of an economy's health and efficiency, measured by indicators such as GDP, unemployment rates, and inflation.
- Compare economic responses to major historical events.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
A
Explanation :
The statement about the trade deficit being at a record level and likely to remain so for the foreseeable future is the most accurate. The U.S. has experienced growing trade deficits over the years, driven by the country's high consumption of imported goods versus its exports.
Learning Objectives
- Compare economic responses to major historical events.
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