Register
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.
113k views
2 votes
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
SUBMIT

User Pokstad
by
5.5k points

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
5.5k points
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
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.7m questions

7.4m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
Link Copied!