A Trade Deficit Involves

question 63

Multiple Choice

A trade deficit involves:

• A)net flows of goods from foreign countries to the home country government.
• B)net money flows from the foreign country firms to the home country government.
• C)net money flows from the domestic firms to the home country government.
• D)net money flows from the foreign country firms to the home country.
• E)net flows of goods from foreign countries to the firms of the home country.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to another entity, typically for resale or business use.

Exports

Goods or services sold by one country to customers in another country.

Canadian Dollar

The currency of Canada, symbolized as CAD, which is one of the world's major currencies traded.

US Dollar

The official currency of the United States of America, widely used as a global standard for financial transactions.