If a Country Has a Trade Surplus of $40 Billion

question 280

Multiple Choice

If a country has a trade surplus of $40 billion, which of the following can be true?

• A) The country's exports are $160 billion, and its imports are $120 billion.
• B) The country's exports are $110 billion, and its imports are $150 billion.
• C) The country's exports are $120 billion, and its imports are $140 billion.
• D) The country's exports are $140 billion, and its imports are $40 billion.

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Definitions:

Theodore Roosevelt

Theodore Roosevelt was the 26th president of the United States, known for his progressive policies and conservation efforts.

Big Business

Large-scale or major corporations that have significant influence on the economy, markets, and political decisions.

Marketplace

A physical or virtual space where goods, services, or information are exchanged between buyers and sellers.

Economic Theory

A set of principles and frameworks that aim to explain how economies operate and how economic agents interact.