Any goods being imported from another country may be subject to a <u>tariff</u> issued by the federal government.
Hope this helps!
Answer:
- <u>Externalities effect:</u>
Now in simple terms we can have a definition that,"when there are some effects produced inside an market place, which will then contribute to some changes inside the economy of a civilized region are called as the externalities are effects.
Explanation:
For example:
Lets, suppose we have cattle in a farm and they will obviously have the feature to produce waste material that will make the soil more fertile. And then we have our crops all grown up healthy and large in number. So, we will get a good market value of that crop been sold. And it was all due to the contribution of cattle's in providing the optimum amount of waste products to add value to the soil fertility.This effect produced by the cattle's waste product is called as the externalities effect.
The answer is: United States would have a deficit of $11 billion in the given year.
A trade surplus occurs when a country exports more than it imports. On the other hand, a deficit is when a country imports more products than it exports.
In the above example, the United States is exporting only $5 billion of goods but importing $16 billion of products. This means that the total trade deficit in the example is 16-5 = $11 billion.
This actually represents the current situation of the United States where it has a significant trade deficit with many major economies in the world, most noticeably with China.
Answer:
D
Explanation:
After the Vietnam War, Nixon visited China to develop relations with the People's Republic of China. This was one of the first tranquil interactions between Americans and communists. This meeting raised the Soviet Union's interest in detente or peace. Right after visiting China, Nixon visited Moscow where he and Brezhnev agreed on the Strategic Arms Limitation Talks (SALT), limiting the possibility of nuclear war. Nixon used his diplomatic negotiations in China to lead to detente with the Soviet Union.