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HELPPPP Question 1 of 10 A country imports goods and services worth $700 million and exports goods and services worth about $500 million. This means that the country has a(n) A. comparative advantage B.
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HELPPPP

Question 1 of 10
A country imports goods and services worth $700 million and exports goods
and services worth about $500 million. This means that the country has a(n)
A. comparative advantage
B. absolute advantage
C. trade surplus
D. trade deficit
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User Pokstad
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2 Answers

3 votes

Answer:

D) trade deficit

Step-by-step explanation:

HELPPPP Question 1 of 10 A country imports goods and services worth $700 million and-example-1
User Nullqwerty
by
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6 votes

Answer:

D. Trade Deficit

Step-by-step explanation:

Since they pay $700 mil to import goods and earn $5oo mil when they sell those goods, they're technically losing money. Which is what a deficit is

User Sebastian Dengler
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