If the U.S. has exports of $1.5 trillion and imports of $2.2 trillion, then the U.S
a. sells more overseas then it buys from overseas; it has a trade deficit.
b. sells more overseas then it buys from overseas; it has a trade surplus.
c. buys more from overseas then it sells overseas; it has a trade deficit.
d. buys more from overseas then it sells overseas; it has a trade surplus.
c
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McDonald's restaurant located near the high school offered a Tuesday special for high school students. If high school students showed their student ID cards, they would be given 50 cents off any medium combination meal
This practice is an example of: A) collusion. B) price discrimination. C) two-part tariff. D) bundling. E) tying.
Suppose that the dollar value rises from 100 to 125 yen. As a result, a. exports to Japan will likely increase
b. Japanese tourists will more likely visit the United States. c. U.S. businesses will be less likely to use Japanese shipping lines to transport their products. d. U.S. consumers will more likely buy Japanese-made automobiles.
Inflation ________ the signals sent by price changes to demanders and suppliers of goods and services.
A. has no impact on B. amplifies C. enhances D. obscures
When a nation exports a good or service, employment in that industry
A) decreases. B) stays the same. C) increases. D) might change, but more information about what else the country exports is needed to determine if employment increases, decreases, or does not change. E) might change, but more information about what the country imports is needed to determine if employment increases, decreases, or does not change.