Which of the Following Would Result in a Trade Surplus

question 230

Multiple Choice

Which of the following would result in a trade surplus for the United States?

• A) Exports of goods = $450 billion Imports of goods = $400 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• B) Exports of goods = $450 billion Imports of goods = $450 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• C) Exports of goods = $450 billion Imports of goods = $460 billion
• Exports of services = $200 billion
• Imports of services = $100 billion
• D) Exports of goods = $450 billion Imports of goods = $490 billion
• Exports of services = $200 billion
• Imports of services = $100 billion

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Definitions:

Algebraic Expression

A mathematical phrase that can include numbers, variables, and operation symbols but does not contain an equality sign.

Simplify

To make something easier to understand or do by reducing its complexity.

Collect Like Terms

The process of combining terms in an algebraic expression that have the same variables raised to the same power.

Simplify

To make (something) simpler or easier to do or understand.