Trade deficit is
A) the sum of a nation's total exports and total imports.
B) the difference between a nation's total exports and total imports.
C) when a nation exports more than it imports.
D) when a nation imports more than it exports.
E) when a nation no longer feels it has the need for trade partners.
Correct Answer:
Verified
Q12: Use the following graph to answer the
Q13: Since 2000,world goods trade has
A) doubled.
B) tripled.
C)
Q14: Total world exports of goods and services
Q15: Use the following graph to answer the
Q16: The following table presents data on imports
Q18: If Hong Kong has an open economy,it
Q19: For country A,an export is a good
Q20: Trade balance is
A) the sum of a
Q21: The ability of one person or nation
Q22: Citizens can consume the largest quantities of
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