A Country Sells Less to People Overseas Than It Buys

question 102

Multiple Choice

A country sells less to people overseas than it buys from them. Which of the following correctly reflects this situation?

• A)The country has a balanced trade.
• B)The country has a trade surplus.
• C)The country has a trade deficit.
• D)There is not enough information to answer the question.

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Definitions:

Israel

Israel is a country in the Middle East, known for its significant historical, cultural, and religious importance to Judaism, Christianity, and Islam. Established in 1948, it is a democratic state and a center of ongoing geopolitical conflict, especially with Palestine.

Labor Costs

The total expenses incurred by employing workers, including wages, benefits, and taxes.

Productivity Decline

A reduction in the efficiency at which labor, capital, and other inputs produce output, often measured by output per hour worked.

Manufacturing

The process of producing goods on a large scale using labor, machines, tools, and chemical or biological processing or formulation.