A Country's Exports Are $490 Billion and Its Imports Are

question 140

Multiple Choice

A country's exports are $490 billion and its imports are $529 billion.Choose the correct statement.
I.The country is a net foreign borrower.
II.The Ricardo-Barro effect holds in this country.
III.This country does not have an equilibrium in its loanable funds market.

• A)I only
• B)II only
• C)III only
• D)I and II only
• E)I, II, and III

---

Definitions:

Rest Breaks

Short periods of time given to employees during work hours to rest and recover, contributing to better health, wellbeing, and productivity.

Dental Plan

A type of health insurance that covers a portion of the costs associated with dental care, including preventative services, treatments, and surgeries.

Tax Consequences

Refers to the fiscal impact of business decisions or personal actions on one's taxable income and liability.

Income Statement

A financial document that summarizes a company's revenue, expenses, and profits over a specific period, providing insight into its financial performance.