Which of the following describes the extent of international trade in the U.S. economy?
A. About 20% of U.S. manufacturing jobs depend directly or indirectly on exports.
B. Since? 1950, U.S. imports have increased from less than 5 percent of GDP to about 1010 percent in 2008.
C. Since? 1950, U.S. exports have decreased from about 11 percent of GDP to about 4 percent in 2008.
D. Each? year, the U.S. exports less than 10 percent of many agricultural crops such as wheat.
E. Since? 1950, U.S. exports have decreaseddecreased and U.S. imports have increasedincreased.
Answer: A. About 20% of U.S. manufacturing jobs depend directly or indirectly on exports.
You might also like to view...
What is the substitution effect?
What will be an ideal response?
Refer to Figure 9-2. The increase in domestic producer surplus as a result of the tariff is equal to the area
A) C + D + G + H + I. B) C + G. C) C. D) A + C + G.
Refer to the given table. Suppose the columns in this table reflect demand and supply. At a price of $50:Price Per UnitColumn A Units Per YearColumn B Units Per Year$2010040$309550$408060$506570$605080
A. there will be an excess supply of 70 units. B. there will be an excess supply of 5 units. C. there will be an excess demand of 5 units. D. the market will be in equilibrium.
During 2001-2011, what happened to the federal budget deficit?
What will be an ideal response?