Author Question: The value of a country's exports during a particular year was 610,000 and the value of its imports ... (Read 54 times)

leilurhhh · **on:** Jun 30, 2018

The value of a country's exports during a particular year was 610,000 and the value of its imports was 995,000. Which of the following is true?

A) The country ran a fiscal deficit of 605,000 during that year.
B) The country ran a trade surplus of 385,000 during that year.
C) The country ran a trade deficit of 385,000 during that year.
D) The country ran a budget surplus of 1,605,000 during that year.

Question 2

Of the items in the following lists, which go from most liquid to least liquid?

A) a house, a six-month certificate of deposit, shares of stock, a checking account
B) a checking account, a certificate of deposit, shares of stock, a house
C) a checking account, a house, a six-month certificate of deposit, shares of stock
D) a six-month certificate of deposit, shares of stock, a house, a checking account

smrtceo · **Reply #1 on:** Jun 30, 2018

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