Balance Of Trade Quiz 2 (3 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. CALCULATE BALANCE OF TRADE FROM THE FOLLOWING INFORMATION-A)EXPORT=70 AND IMPORT=90B)EXPORT=500 AND IMPORT=250

Correct Answer: D) -20 AND 250.

2. Ms. Tessin of the U.S. builds a $ 5 million factory in India. How would this affect the U.S. balance of payments.

Correct Answer: A) Debit capital.

3. WHICH COUNTRY IS THE FIRST ONE IN THE TRADE SURPLUS IN 2019?

Correct Answer: C) Germany.