If a Country Had a Trade Deficit of $10 Billion

question 77

Multiple Choice

If a country had a trade deficit of $10 billion and then its exports rose by $20 billion and its imports rose by $10 billion,its net exports would now be

• A)$0
• B)$10 billion.
• C)-$10 billion.
• D)-$20 billion.

---

Definitions:

Misrepresentation

The act of providing false, misleading, or incorrect information, typically with the intention to deceive.

Incidental Damages

Additional expenses incurred by one party due to another's breach of contract, above and beyond the direct damages or loss suffered.

Swimsuits

Clothing designed for people to wear while swimming.

Credit

Credit is the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.