If USExports Are $300 Billion and U

question 225

Multiple Choice

If U.S.exports are $300 billion and U.S.imports total $350 billion,which of the following is correct?

• A)The U.S.has a trade surplus of $350 billion.
• B)The U.S.has a trade surplus of $50 billion.
• C)The U.S.has a trade deficit of $350 billion.
• D)The U.S.has a trade deficit of $50 billion.

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Definitions:

Push Strategy

A marketing strategy that involves taking the product directly to the customer via whatever means, ensuring the customer is aware of your brand at the point of purchase.

Pull Strategy

A marketing strategy where consumers are encouraged to demand a product, prompting retailers to stock it, effectively pulling the product through the distribution channel.