Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Question
Chapter 34, Problem 4MCQ
To determine
To change a net export deficit into a surplus.
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If a country has a trade deficit of $30 billion, which of the following can be true?
Group of answer choices
The country's exports are $150 billion and its imports are $120 billion.
The country's exports are $110 billion and its imports are $140 billion.
The country's exports are $140 billion and its imports are $40 billion.
The country's exports are $120 billion and its imports are $140 billion.
When a country exports more goods and services than it imports, this is called
Multiple Choice
a balance of trade deficit.
a balance of trade surplus.
a positive terms of trade.
a negative terms of trade.
A net exports deficit will become a surplus if _______.
A.
the country appreciates its currency
B.
the government budget deficit is turned into a surplus and the private sector has a surplus
C.
private saving and government saving exceed private investment
D.
the private sector surplus adjusts to equal the government sector deficit
Chapter 34 Solutions
Foundations of Economics (8th Edition)
Ch. 34 - Prob. 1SPPACh. 34 - Prob. 2SPPACh. 34 - Prob. 3SPPACh. 34 - Prob. 4SPPACh. 34 - Prob. 5SPPACh. 34 - Prob. 6SPPACh. 34 - Prob. 7SPPACh. 34 - Prob. 8SPPACh. 34 - Prob. 9SPPACh. 34 - Prob. 10SPPA
Ch. 34 - Prob. 1IAPACh. 34 - Prob. 2IAPACh. 34 - Prob. 3IAPACh. 34 - Prob. 4IAPACh. 34 - Prob. 5IAPACh. 34 - Prob. 6IAPACh. 34 - Prob. 7IAPACh. 34 - Prob. 8IAPACh. 34 - Prob. 1MCQCh. 34 - Prob. 2MCQCh. 34 - Prob. 3MCQCh. 34 - Prob. 4MCQCh. 34 - Prob. 5MCQCh. 34 - Prob. 6MCQCh. 34 - Prob. 7MCQCh. 34 - Prob. 8MCQ
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