Scenario 4-1 in a Given Year,country a Exported $12 Million

question 64

Multiple Choice

Scenario 4-1 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.

---

Definitions:

Quarterly Payments

Quarterly payments are payments made four times a year at regular intervals, often used in the context of dividends, taxes, or loan repayments.

Interest Rate

This refers to the cost of borrowing money or the return earned on an investment, generally expressed as a yearly percentage.

Home Mortgage Loan

A loan used to purchase a residential property, secured by the home itself.

Monthly Payments

Regular payments made over a period, such as for loans or utilities, calculated on a monthly basis.