Author Question: Which of the following would result in a trade surplus for the United States? A) Exports of goods ... (Read 90 times)

littleanan · **on:** Jun 29, 2018

Which of the following would result in a trade surplus for the United States?

A) Exports of goods = 550 billion
Imports of goods = 575 billion
Exports of services = 275 billion
Imports of services = 300 billion B) Exports of goods = 725 billion
Imports of goods = 790 billion
Exports of services = 350 billion
Imports of services = 260 billion
C) Exports of goods = 625 billion
Imports of goods = 625 billion
Exports of services = 300 billion
Imports of services = 375 billion D) None of the above will result in a trade surplus.

Question 2

The willingness of consumers to buy a product at different prices is shown on a

A) demand curve. B) production possibilities frontier.
C) supply curve. D) marginal cost curve.