Scenario 4-1
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.
-When the flow of money from the foreign countries to the domestic firms equals the flow of money from the home country to the foreign firms, _____.
A) a trade surplus exists
B) an equal amount of agricultural and manufactured products are exported
C) a trade deficit exists
D) an equal amount of goods and services are imported
E) the value of net exports is zero
Correct Answer:
Verified
Q51: Scenario 4-1
In a given year, country A
Q52: Scenario 4-1
In a given year, country A
Q53: Scenario 4-1
In a given year, country A
Q54: Scenario 4-1
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Q55: Scenario 4-1
In a given year, country A
Q56: Scenario 4-1
In a given year, country A
Q58: Scenario 4-1
In a given year, country A
Q59: Scenario 4-1
In a given year, country A
Q60: Scenario 4-1
In a given year, country A
Q61: Scenario 4-1
In a given year, country A
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