Which of the following would result in a trade surplus for the United States?

A) Exports of goods = $550 billion
Imports of goods = $575 billion
Exports of services = $275 billion
Imports of services = $300 billion B) Exports of goods = $725 billion
Imports of goods = $790 billion
Exports of services = $350 billion
Imports of services = $260 billion
C) Exports of goods = $625 billion
Imports of goods = $625 billion
Exports of services = $300 billion
Imports of services = $375 billion D) None of the above will result in a trade surplus.

D

Economics

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Olives are used to produce olive oil. If the price of olives increases

A) the supply of olive oil decreases. B) the supply of olive oil increases. C) the demand for olive oil decreases. D) the demand for olive oil increases.

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A bank faces a required reserve ratio of 5 percent. If the bank has $200 million of checkable deposits and $15 million of total reserves, then how large are the bank's excess reserves?

a. $0. b. $5 million. c. $10 million. d. $15 million.

Economics