If Japan's Total Exports Are $12 Billion and Total Imports

question 61

Short Answer

If Japan's total exports are $12 billion and total imports are $4 billion, then this is called
a trade deficit.
a positive balance of trade.
an absolute advantage.
a negative balance of payments.
negative capital mobility.

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Definitions:

Population Subgroups

Distinct categories or sectors within a population, separated based on specific criteria or characteristics for analysis.

Census

The complete enumeration or counting of a population or group at a point in time, often used in demographics and market research.

Managerial Perspective

An approach or viewpoint that focuses on strategies, decision-making, and actions from the standpoint of someone in a management role.

Sampling

The process of selecting a subset of individuals from a population to estimate characteristics of the entire population.