A nation has an unfavorable balance of trade when
A) it has a surplus in its balance of payments
B) it has a deficit in its balance of payments
C) the value of its imports of goods is greater than the value of its exports of goods
D) its current account is in surplus and its capital account is in deficit
E) it has high tariffs
Correct Answer:
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Q8: In 2011, the United States largest balance
Q9: If the current account is in deficit,
Q10: Because of the accounting techniques used, the
Q11: The value of a country's exports is
Q12: The balance of goods and services is
A)the
Q14: The merchandise trade balance measures
A)the value of
Q15: In 2011, the United States balance of
Q16: The balance of payments summarizes the transactions
Q17: The trade balance is
A)the services balance plus
Q18: The balance of payments always balances, because
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