MCQOPTIONS
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| 1. |
If the value of exports for a country is $35,500,000 and the value of imports is $35,000,000, the balance of trade can be described as |
| A. | in surplus but unfavorable |
| B. | showing a gain in real goods but in deficit |
| C. | in deficit and favorable |
| D. | in surplus, favorable and +$500,000 |
| Answer» E. | |