Which of the following statements about the importance of trade to the U.S. economy is true?
A) Overall, about 80 percent of U.S. manufacturing jobs depend directly or indirectly on exports.
B) The United States is the second largest exporter in the world.
C) The U.S. economy is highly dependent on international trade for growth in its gross domestic product.
D) Since 1950, both exports and imports have steadily decreased as a fraction of U.S. gross domestic product.
B
Economics
You might also like to view...
If Rosa is willing to pay $450 for hockey tickets and has consumer surplus of $175, the price of the tickets is $625
a. True b. False Indicate whether the statement is true or false
Economics
Crowding out occurs when public provision of a good substitutes for private provision.
A. True B. False C. Uncertain
Economics