Solve the Problem. -The Difference Between a Country's Exports and Imports Is Called

question 71

Multiple Choice

Solve the problem.
-The difference between a country's exports and imports is called the country's trade balance. If a country had $ 137 billion in exports and $280 billion in imports, what was the country's trade balance?

• A)$417 billion
• B)$143 billion
• C)-$143 billion
• D)-$417 billion

---

Definitions:

Child Care

The care and supervision of a child or multiple children at a time, whose ages can range from two weeks to eighteen years. Child care is the action or skill of looking after children by a day-care center, nannies, babysitter, teachers, or other providers.

Private Goods

Products and services that are exclusive and distinctly owned, with their use limited to the owner or individuals who have permission.

Corporate Form

A business structure where owners have limited liability, and the entity is recognized legally as separate from its owners.

Limited Liability

A legal structure for businesses that limits the personal financial responsibility of the owners for the company's debts and obligations.