Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 34

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-According to Scenario 4-1, country B is running a:

• A)trade deficit with country A and a trade surplus with country C.
• B)trade surplus with both countries A and C.
• C)trade surplus with country A and a trade deficit with country C.
• D)trade deficit with both countries A and C.
• E)balanced trade with country A and a trade deficit with country C.

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