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Since at least 1975, the United States has had a –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative balance...

Since at least 1975, the United States has had a –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative balance of trade, also known as a –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative. However, it is clear that this trend is driven primarily by only one of the components of U.S. trade. If the distinction is made between the trade of goods versus the trade of services, it turns out that the United States enjoys a trade surplus for –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative, but a trade deficit for –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative.

services

trade surplus

positive

goods

trade deficit

negative

business   economics   
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Answer #1

Since at least 1975, the United States has had A NEGATIVE balance of trade, also known as TRADE DEFICIT.

However, it is clear that this trend is driven primarily by only one of the components of U.S trade. If the distinction is made between the trade of goods versus the trade of services, it turns out that the United States enjoys a trade surplus for SERVICES but a trade deficit for GOODS.

**The answers are in capital letters and also, self explanatory.

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