In a Given Year, Country a Exported $12 Million Worth

question 35

Multiple Choice

In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-According to Scenario 4-1, country B is running a: ____ with country A and a ____ with country C.

• A) trade deficit with country A and a trade surplus with country C.
• B) trade surplus with both countries A and C.
• C) trade surplus with country A and a trade deficit with country C.
• D) trade deficit with voth countries A and C.
• E) balanced trade with country A and a trade deficit with country C.

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Definitions:

Lump Sum Bonus

Merit pay that is awarded in a single payment and not built into base pay.

Scanlon Plan

A type of gainsharing program that incentivizes employees to increase productivity through cost-saving measures, sharing the resulting financial gains.

Base Pay

The initial rate of compensation that an employee receives in exchange for services, excluding extra payments like bonuses or overtime.

Merit Pay

A compensation approach that provides financial rewards to employees based on their performance, as opposed to their time worked or position.