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When a country's exports of goods are less than its imports of goods in a given period, it has a

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When a country's exports of goods are less than its imports of goods in a given period, it has a

Question 1.

The difference between a country's merchandise exports and its merchandise imports is the

▸ balance of payments.

▸ capital account.

▸ current account.

▸ balance of trade.

Question 2.

When a country's exports of goods are less than its imports of goods in a given period, it has a

▸ trade deficit.

▸ capital account deficit.

▸ trade surplus.

▸ current account surplus.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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More solutions for this book are available here

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asjstr Author

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Thanks

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Thank you, thank you, thank you!

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Helped a lot

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