Which of the Following Would Result in a Trade Surplus

question 241

Multiple Choice

Which of the following would result in a trade surplus for the United States?

• A)Exports of goods = $450 billion Imports of goods = $400 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• B)Exports of goods = $450 billion Imports of goods = $450 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• C)Exports of goods = $450 billion Imports of goods = $460 billion
• Exports of services = $200 billion
• Imports of services = $100 billion
• D)Exports of goods = $450 billion Imports of goods = $490 billion
• Exports of services = $200 billion

Evaluate the role of drug usage in managing medical conditions.

Understand the preparation and patient instruction for fecal occult blood testing.

Recognize the impact of cultural, religious preferences, and sensitivities on patient dietary practices.

Identify factors affecting the digestive process.

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Definitions:

Minimum Cost

The lowest possible expense that can be incurred in the production of a good or service without sacrificing the quality or quantity.

Cost of Producing

The total expense incurred in the manufacture or production of a good, including raw materials, labor, and overhead.

Metal Alloy

A substance composed of two or more metals or a metal and a non-metal, mixed together to attain desired physical or chemical properties.

Fixed Proportions

A production technology assumption where inputs must be used in constant, unchanging ratios to produce outputs.