If a Country Has a Trade Surplus of $60 Billion

question 130

Multiple Choice

If a country has a trade surplus of $60 billion, which of the following can be true?

• A) The country's exports are $180 billion, and its imports are $120 billion.
• B) The country's exports are $110 billion, and its imports are $190 billion.
• C) The country's exports are $120 billion, and its imports are $180 billion.
• D) The country's exports are $160 billion, and its imports are $60 billion.

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Definitions:

Cost-effectiveness

A measure that compares the relative costs and outcomes of different courses of action or decisions.

Reliance on Technology

The dependence of individuals, organizations, or societies on technology for operations, communication, and efficiency.

Cost-benefit Analysis

Cost-benefit analysis is a process used to evaluate the total anticipated cost of a project compared to the benefits in order to determine the best course of action.

Outsourcing

The practice of hiring third parties to perform services or produce goods that were traditionally performed or produced in-house.