Asked by Rileigh Campbell on May 14, 2024
Verified
We are running a merchandise trade balance _____ and a services trade balance _______.
A) deficit;deficit
B) surplus;surplus
C) surplus;deficit
D) deficit;surplus
Merchandise Trade Balance
The difference between the value of merchandise exports and the value of merchandise imports.
Services Trade Balance
The difference in value between a country's exported and imported services, indicating whether a country is a net exporter or importer of services.
Trade Balance
The difference between a country's exports and imports of goods and services.
- Understand the significance of free trade agreements and the views of economists on trade.
Verified Answer
WP
Wendy PeredaMay 21, 2024
Final Answer :
D
Explanation :
A merchandise trade balance deficit means a country imports more goods than it exports, while a services trade balance surplus indicates it exports more services than it imports.
Learning Objectives
- Understand the significance of free trade agreements and the views of economists on trade.