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.
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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 more ($12 million) than it exports ($4 million) to country A. It has a trade surplus with country C because it exports more ($7 million) than it imports ($6 million) from country C.

Scenario 4-1 in a Given Year,country a Exported $12 Million