Solved

If the United States Exports $100 Worth of Timber to Nigeria

Question 106

Multiple Choice

If the United States exports $100 worth of timber to Nigeria and imports $80 worth of diamonds, the United States has a(n)


A) unfavorable balance of trade.
B) trade deficit.
C) trade surplus.
D) negative cash flow.
E) export slide.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions