Multiple Choice QuestionWhat has occurred in the economic relationship between the United States and China as a result of the United States being China's largest export market and China's standard of living not increasing enough for its citizens to afford large quantities of U.S. goods and services?Multiple choice question.Large budget surplusesLarge trade deficitsPositive balance of paymentsLarge trade surpluses

Multiple Choice QuestionWhich of the following describes a scenario where U.S. imports of goods and services exceeds U.S. exports of goods and services?Multiple choice question.A trade balanceA trade surplusA trade deficitA balance of trade

Multiple Select QuestionSelect all that applyWhich of the following have contributed to large U.S. trade deficits over the past 20 years?Multiple select question.The Great Recession of 2007-2009The large trade imbalance the United States has with ChinaThe U.S. economy growing more rapidly than those of its trading partnersThe weakness of the U.S. currency relative to its trading partners

Multiple Choice QuestionWhat is the result for the United States when the sale of U.S. goods and services abroad is significantly lower than its purchase of imported goods and services?Multiple choice question.The current account experiences a surplus.Foreign debt decreases.Official reserves expand.Foreign debt increases.

Multiple Choice QuestionA country experiences a trade surplus under which of the following conditions?Multiple choice question.When it imports more goods and services than it exportsWhen it exports more services than it does goodsWhen it exports more goods and services than it importsWhen it exports more goods than it does services

If the United States exports more goods/services than it imports, then the U.S. would have a(n)Multiple Choicetrade surplus.favored trading nation.trade deficit.increased global impact.unfavorable balance of trade.