The U.S.balance of trade position is in part determined by
A) exchange rates.
B) growth of foreign consumers' incomes.
C) relative prices in world markets.
D) All of these are correct.

Question

Quizplus · Accepted Answer

The U.S. balance of trade position is affected by exchange rates, growth of foreign consumers' incomes, and relative prices in world markets. Therefore, all of these factors are correct.

The USBalance of Trade Position Is in Part Determined by