If a Country Has a Trade Deficit of $30 Billion

question 180

Multiple Choice

If a country has a trade deficit of $30 billion, which of the following can be true?

• A) The country's exports are $150 billion, and its imports are $120 billion.
• B) The country's exports are $110 billion, and its imports are $140 billion.
• C) The country's exports are $120 billion, and its imports are $140 billion.
• D) The country's exports are $140 billion, and its imports are $40 billion.

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Definitions:

Group

A collection of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity.

Travel Costs

Expenses incurred during travel, such as for transportation, lodging, and meals.

Virtual Team

A collaborative work group that utilizes electronic communication to work together from various locations.

In-Person Meetings

Face-to-face gatherings where participants interact directly, rather than through electronic means.