Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

All of the following statements about the U.S. balance of trade since 1971 are true, except:

Select the correct answer below:
A. Starting in the 1980s, the U.S. trade deficit increased rapidly.
B. The current account U.S. trade deficit grew larger in the late 1990s and into the mid-2000s.
C. The U.S. trade deficit declined in 2009 after the recession.
D. The U.S. has not experienced a trade surplus since 1971.

Sagot :

GinnyAnswer

Final answer:

The U.S. balance of trade shifted from surpluses to deficits starting in the 1980s but showed fluctuations in later years.


Explanation:

The U.S. balance of trade since 1971 is characterized by a shift from small surpluses into increasing deficits beginning in the 1980s, with a brief surplus in 1991 followed by larger deficits in the late 1990s and mid-2000s. The deficit decreased in 2009 after a recession but rebounded partially in 2010 and remained stable thereafter.


Learn more about U.S. balance of trade since 1971 here:

https://brainly.com/question/33536844


We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.