A country has a trade surplus of $20 billion with its trading partners over ayear. Which change would cause the country to have a trade deficit thefollowing year, assuming everything else remains the same?A. The country decreases its exports by $10 billion.B. The country increases its exports by $30 billion.C. The country increases its imports by $30 billion.D. The country decreases its imports by $10 billion.

When talking about trade balance, it refers to the international exchange of goods and services by…

A country has a trade surplus of $20 billion with its trading partners over a year. Which change would cause the country to have a trade deficit the following year, assuming everything else remains the same? OA. The country decreases its exports by $10 billion. B. The country increases its exports by $30 billion. C. The country increases its imports by $30 billion. OD. The country decreases its imports by $10 billion.

A country has a trade surplus of $20 billion with its trading partners over a year. Which change would cause the country to have a trade deficit the following year, assuming everything else remains the same? OA. The country decreases its exports by $10 billion. B. The country increases its exports by $30 billion. C. The country increases its imports by $30 billion. OD. The country decreases its imports by $10 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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