In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-According to Scenario 4-1, country B is running a: ____ with country A and a ____ with country C.
A) trade deficit with country A and a trade surplus with country C.
B) trade surplus with both countries A and C.
C) trade surplus with country A and a trade deficit with country C.
D) trade deficit with voth countries A and C.
E) balanced trade with country A and a trade deficit with country C.

Question

Quizplus · Accepted Answer

Country B has a trade deficit with country A because it imports $12 million and exports $4 million, and a trade surplus with country C because it exports $7 million and imports $6 million.

In a Given Year, Country a Exported $12 Million Worth