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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

Read 70 times

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yesimshay

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More solutions for this book are available here

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asjstr Author

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5 years ago

Brilliant ツ

lolaww

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Yesterday

Correct

annielin111

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2 hours ago

Thanks for your help!!

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