Which of the Following Would Result in Positive Net Exports

question 62

Multiple Choice

Which of the following would result in positive net exports for Canada?

• A)Exports of goods = $725 billion Imports of goods = $790 billion
• Exports of services = $350 billion
• Imports of services = $260 billion
• B)Exports of goods = $625 billion Imports of goods = $625 billion
• Exports of services = $300 billion
• Imports of services = $375 billion
• C)Exports of goods = $550 billion Imports of goods = $575 billion
• Exports of services = $275 billion
• Imports of services = $300 billion
• D)All of the above will result in a trade surplus.

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Definitions:

Bananas

A kind of extended, consumable fruit that comes from a range of big, herbaceous blooming plants belonging to the Musa genus.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford to buy at given prices within their income level.

Apples

A type of fruit that is cultivated worldwide and comes in various colors, including red, green, and yellow, known for its crisp texture and sweet to tart flavor.

Bananas

A common fruit known for its elongated shape and soft, starchy interior, often consumed as a snack or used in cooking.