Ask Question
16 July, 09:05

How has the pattern of trade changed in the United States since 1960?

A. Exports and imports have grown at the same rate, and the United States has remained a net exporter.

B. Imports have grown faster than exports, and the United States has become a net importer.

C. Exports have grown faster than imports, and the United States has become a net importer.

D. Imports have grown faster than exports, and the United States has remained a net exporter.

E. Exports have grown faster than imports, and the United States has remained a net exporter.

+1
Answers (1)
  1. 16 July, 09:15
    0
    The correct answer is letter "B": Imports have grown faster than exports, and the United States has become a net importer.

    Explanation:

    International trade is not just a major engine of the U. S. economy, but for the global economy. The total trade share in terms of the global Gross Domestic Product was 25% in 1960 and it has raised to 56% in 2017. Though, imports have surpassed the level of exports, making America be a net importer. Main imports are in the form of raw materials for the production of different goods mainly vehicles, and clothing.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How has the pattern of trade changed in the United States since 1960? A. Exports and imports have grown at the same rate, and the United ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers