Balance Of Trade Quiz 2 (4 MCQs)

Quiz Instructions:

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1. The situation that exists when exports exceed imports.

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

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

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