İşletmeye Giriş Deneme Sınavı Sorusu #1192883

If the United States imported $1 trillion in goods and services last year, but exported only $750 billion in goods and services to other countries, then the United States had a negative $250 billion balance of trade.

Which of the following terms explains this situation?


Trade surplus

Trade deficit

Import substitution

Export measures

Free circulation


Yanıt Açıklaması:

Balance of trade (BOT) is the difference between a country’s imports and its exports for a “given time period”. BOT is an important indicator showing strength of a country’s economy. A country that exports more than it imports has a trade surplus. On the contrary, if a country imports more than it exportshas a trade deficit.

The correct answer is B.

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