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:

Competitors

Entities that are in the same industry or market and compete against each other for customers, market share, or resources.

Full-Scale Production

The manufacturing of products at the maximum capacity or volume that a facility can sustain, typically after successful pilot production and testing stages.

Product Mix

The total range of products that a company produces or sells, encompassing variety, features, and quality.

Product Lines

Groups of related products marketed by a company, which possess similar features, functions, or are targeted at similar markets.