"Father, forgive them, for they do not know what they do."Gospel of Luke 23:34
American Farm Bureau Federation
True. The Intolerable Acts DID cause the formation of the Continental Navy.
Answer:
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Explanation:
The correct answer is <em>D) American firms purchasing industrial equipment from German companies</em>.
The balance of trade is the difference between a nation's exports and imports in a given period. A nation is considered to have a trade surplus when its exports exceed its imports. On the other hand, it is considered to have a trade deficit when its imports exceed its exports.
The United States currently holds a trade deficit. In this case, the purchase of German equipment represents a contribution to the total imports of the United States. Therefore, there is a growth in the trade deficit of the country.
