In 2020, the United States imported $2,810.6 billion worth of goods and services and exported $2,131.9 billion worth of goods and services. Based on this data, the United States had which of the following that year? A trade deficit of $678.7 billion worth of goods and services.
Chapter 3: Exploring Global Business Flashcards
Selling and shipping raw materials or products to other nations. Importing. Purchasing raw materials or products in other nations and bringing them into one's own country. Study with Quizlet and memorize flashcards containing terms like International Business, Absolute Advantage, Comparative Advantage and more.
COMMENTS
In 2020, the United States imported $2,810.6 billion worth of goods and services and exported $2,131.9 billion worth of goods and services. Based on this data, the United States had which of the following that year? A trade deficit of $678.7 billion worth of goods and services.
Selling and shipping raw materials or products to other nations. Importing. Purchasing raw materials or products in other nations and bringing them into one's own country. Study with Quizlet and memorize flashcards containing terms like International Business, Absolute Advantage, Comparative Advantage and more.