View the data on the trade balance below. Then answer the questions that follow.   Is the United States currently in a trade deficit or a trade surplus situation? What is the most recent amount of deficit or surplus? There’s a time between July 2008 and February 2009 when the value of the trade deficit changed substantially. Did the trade deficit increase or decrease during this time?

Q: Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following…

A: A trade deficit is an amount by which the cost of a country's imports exceeds its exports.

Q: If the United States imports more than it exports, it will have a: trade surplus, trade deficit,…

A: The balance of trade (BOT), also known as the trade balance, refers to the disparity between the…

Q: Generally, how does the standard of living in the United States today compare to the standard of…

A: Standard of Living Comparison The standard of living in the United States today is generally higher…

Q: In the picture below is the full question. The highlighted one is my guess which is wrong. If the…

A: Appreciation of the U.S. dollar means People of the united states can buy more goods and services…

Q: People sometimes worry that American trade with other countries will lead to large U.S. trade…

A: The answer is - a) have both current account and financial account deficits at the same time.

Q: The balance of trade shows a deficit of $200 million. With the value of exports being $300 million,…

A: The nations around the world tend to interact with other nations, and get involved in international…

Q: Why does the decline in value of a certain currency cause imports to be expensive and exports…

A: Demand-pull inflation/demand-side inflation arises when the aggregate demand (AD) rises faster than…

Q: If the trade deficit of the United States increases, how is the current account balance affected?

A: Balance of payment refers to the record of the international transactions that the domestic country…

Q: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower…

A: Foreign trade pattern is depending upon many factors and it is not predictable.   The trade patterns…

Q: There are questions related to International Factor Movements and Multinational Enterprises 1. Is…

A: Trade is a term used for exchange, which can be voluntary in nature where both the parties involved…

Q: Countries which export more than they import have a balance of payments    trade surplus…

A: The statement that reflects the transactions between one country and the rest of the world is known…

Q: If you observed a country with a rapidly growing trade surplus over a period of a year or so,would…

A: While trade deficit is not always harmful for country growth, thus, rapidly growing country in trade…

Q: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed…

A: ANS If the total amount of goods & services a country imports from other countries of the world…

Q: If a country has a trade deficit, what will occur?Choose one answer.a. Imports will exceed exports.…

A: International trade is the trade that takes place beyond the national boundary. Exports refer to the…

Q: When looking only at the import and export of services, the U.S.    a. has a trade deficit b. has a…

A: When imports of a country are greater than its exports, it is said to have a trade deficit. When…

Q: How could an increase in a nation's fiscal deficit increase its trade deficit?

A: Government budget deficit affects the trade deficits. Budget deficit occurs when spending increases…

Q: What three factors will determine whether a nation has a higher or lower share of trade relative to…

A: GDP which is known as Gross Domestic Product refers to the total market value of all final…

Q: Other things equal, an increase in government purchases of goods and services pushes the trade…

A: Macroeconomic surveillance will remain critical since it dictates the economy's long-term growth…

Q: What are some reasons to think that America is obligated to help poor countries? What are some…

A: When an economy opens up, it makes various exchanges with the rest of the world in terms of trade or…

Q: Suppose Country X experienced a decline in the trade of manufactured goods. To account for this,…

A: Trade Deficit: A trade deficit occurs when a country's imports of goods and services exceed its…

Q: Video Link: https://youtu.be/SG8DCgjkGzY The opening of the video, Global Mind: The Future of…

A: The expression "globalization" was first used by economist and Harvard Business School instructor…

Q: We often hear that trade deficits are bad for a country. Should we agree or disagree with this…

A: Trade deficit is a situation which arises when the imports of the country exceeds its exports that…

Q: Scroll down to "U.S. Trade in Goods and Services by Selected Countries and Areas, 1999 - Present"…

A: Goods, products, or services that are produced or provided within a country's borders and are sold…

Q: trade deficit

A: When imports exceed exports depicts the trade deficit. They can be of both short term or long term.…

Q: You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia.…

A: To comprehend the functioning and behavior of an economy or a particular market, economic analysis…

Q: Over the past four years, the US trade deficit has increased to $576.9 billion. Based on your…

A: In the face of globalization, the practice of maintaining trade deficits has become increasingly…

Q: Between 1984 and 1985, the ______ (surplus/deficit) _______(grew/shrank/remained the same) in…

A: Net exports is defined as exports minus imports. Net exports can be positive, if exports are more…

Q: Just a couple of years after the economic crisis, Spain managed to reduce their trade deficit, was…

A: Spain applied a policy of depreciating the value of its currency, this makes the prices of goods…

Q: In 2001, 2002, and 2003, Congress passed the series of tax cuts that President Bush had requested.…

A: The increased consumer spending due to the tax cuts leads the country towards a larger trade…

Q: A country that is spending more than it makes a- unstable b- trade balance c- trade deficit c-…

A: The country's commerce and economic activity can be measured by looking at the balance of trade. It…

Q: Graphically, when is the balance of trade equal to zero? Multiple Choice   When the rising IM line…

A: Export (X) remains constant at each level of GDP level.  Hence, the Export (X) curve is horizontal…

Q: Using the information in the following table on Mexico’s 1996 international transactions to answer…

A: Balance of trade is defined as the difference between the value of exported and imported goods and…

Q: Why do economists often consider a nation's balance of trade an important indicator of national well…

A: The movement of products, services, capital, and technology between nations is referred to as…

Q: View the data on the trade balance below. Then answer the questions that follow. FRED - Trade…

A: Here, the data related to international trade balance of United States is given from 1990 to 2020.

Q: Trade distortion effects increases estimates of the United States' trade deficit with China. To what…

A: Trade distortion refers to numerous regulations or factors which can alter or disrupt the natural…