During the Revolutionary War, the U.S. trade deficit increased because:
a. U.S. imports decreased, while U.S. exports increased.
b. U.S. imports increased, while U.S. exports decreased.
c. U.S. exports decreased more than U.S. imports decreased.
d. U.S. imports decreased more than U.S. exports decreased.
c. U.S. exports decreased more than U.S. imports decreased.
You might also like to view...
If a firm experiences increasing returns to scale at all levels of output: a. the slope of its long-run total cost curve is everywhere negative
b. the slope of its short-run average cost curve is everywhere negative. c. the slope of its long-run average total cost curve is everywhere negative. d. the slope of its production function is everywhere negative.
The federal agency that monitors and regulates the stock market is the
a. Chicago Mercantile Exchange. b. Securities and Exchange Commission. c. Department of Justice. d. Federal Trade Commission.