In the figure shown,
A)there is a trade deficit because of globalization.
B)there is a trade surplus, because actual output equals potential output.
C)there is a trade balance, because the world price level equals the domestic price level.
D)the country isn't exporting or importing because world and domestic prices are equal.

Question

In the figure shown, 
A)there is a trade deficit because of globalization. 
B)there is a trade surplus, because actual output equals potential output. 
C)there is a trade balance, because the world price level equals the domestic price level. 
D)the country isn't exporting or importing because world and domestic prices are equal.

Quizplus · Accepted Answer

The Answer of In the figure shown, 
A)there is a trade deficit because of globalization. 
B)there is a trade surplus, because actual output equals potential output. 
C)there is a trade balance, because the world price level equals the domestic price level. 
D)the country isn't exporting or importing because world and domestic prices are equal.

In the Figure Shown