The Value of Imported Items to Australia Equals $1 Trillion,but

question 26

Multiple Choice

The value of imported items to Australia equals $1 trillion,but the value of exported items from Australia equals $750 billion.Australia has a $250 billion _____.

• A) trade deficit
• B) trade surplus
• C) absolute advantage
• D) comparative disadvantage

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Definitions:

Gator Nation

Gator Nation commonly refers to the community surrounding the University of Florida, including its students, alumni, and sports fans.

Brand Community

A group of consumers who share a mutual attachment or loyalty to a particular brand, often engaged through social media or other interactive forums.

University Of Florida

A major public research university located in Gainesville, Florida, known for its comprehensive academic programs and research initiatives.

Negative Word Of Mouth

The phenomenon where dissatisfied customers share their unfavorable opinions or experiences about a product or service with others.