Law, 05.11.2020 21:00 shifaxoxoxo

A country imports goods and services worth $700 million and exports goods and services worth about $500 million. This means that the country has an)
a. trade surplus
b. trade deficit
c. comparative advantage
d. absolute advantage

Answers: 1

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A country imports goods and services worth $700 million and exports goods and services worth about $500 million. This means that the country has an) a. trade surplus b. trade deficit c. comparative advantage d. absolute advantage

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Another question on Law

A country imports goods and services worth $700 million and exports goods and services worth about $500 million. This means that the country has an)
a. trade surplus
b. trade deficit
c. comparative advantage
d. absolute advantage