Complete the sentences. The goods and services that we sell to people in other countries are The goods and services that we buy from people in other countries are O A. net imports; net exports B. imports; exports; C. exports; imports; OD. net exports; net imports The value of exports of goods and services minus the value of imports of goods and services is OA. always a positive value in the Canadian economy B. always a negative value in the Canadian economy C. called net exports D. called net imports

Complete the sentences. The goods and services that we sell to people in other countries are The goods and services that we buy from people in other countries are O A. net imports; net exports B. imports; exports; C. exports; imports; OD. net exports; net imports The value of exports of goods and services minus the value of imports of goods and services is OA. always a positive value in the Canadian economy B. always a negative value in the Canadian economy C. called net exports D. called net imports

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 22RQ: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed...

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If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
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