If U.S. exports are $300 billion and U.S. imports total $350 billion, which of the following is correct?
a. The U.S. has a trade surplus of $350 billion.
b. The U.S. has a trade surplus of $50 billion.
c. The U.S. has a trade deficit of $350 billion.
d. The U.S. has a trade deficit of $50 billion.
d
Economics
You might also like to view...
In the above figure, what is the marginal cost of the 4th pizza?
A) $0 B) $4 C) $9 D) $36 E) 4 pizzas
Economics
Rational choice requires that opportunity cost be
a. ignored in making a decision. b. considered for individual choices, but not for societal choices. c. computed, but not actually used in making a decision. d. considered as part of making a decision. e. used as the sole decision criterion.
Economics