Which of the Following Would Result in a Trade Surplus

question 109

Multiple Choice

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

• 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:

Activity Cost Pools

Groups of individual costs driven by the same cost drivers, used in activity-based costing to allocate costs more accurately.

Customer Margin

The profit margin that a company earns from a particular customer, taking into account all revenues and costs associated with that customer.

Idle Capacity

The condition when resources, typically manufacturing or production facilities, are available but not in use.

Activity Rates

The costs assigned to specific activities, used in activity-based costing to allocate overhead costs more accurately.