The type of good with the smallest trade deficit in the U.S. based on data from 2016 is:
A) foods, feeds, and beverages.
B) capital goods.
C) industrial goods.
D) automotive goods.

Question

Quizplus · Accepted Answer

According to the data from 2016, the trade deficit for foods, feeds, and beverages was only $7.6 billion, which is relatively small compared to other goods categories. Capital goods had a trade deficit of $164.9 billion, industrial goods had a trade deficit of $742.2 billion, and automotive goods had a trade deficit of $152.1 billion. Therefore, A) foods, feeds, and beverages is the best choice as it has the smallest trade deficit among the given options.

The Type of Good with the Smallest Trade Deficit in the U.S