The table shows the value of exports and imports for the small country of Cherubland. Their chief export is tiny cupid arrows.Use the table to answer the questions.Exports8750Imports400113Income payments3513Unilateral transfers077What is the value of the merchandise trade balance for Cherubland?GoodsServicesWhat is the value of the current account balance for Cherubland?

Exports and imports refer to the trade of goods and services between countries. Exporting is the act…

The table shows the value of exports and imports for the small country of Cherubland. Their chief export is tiny cupid arrows. Use the table to answer the questions. Exports Imports 87 400 50 113 Income payments 35 13 Unilateral transfers 0 77 What is the value of the merchandise trade balance for Cherubland? Goods Services

The table shows the value of exports and imports for the small country of Cherubland. Their chief export is tiny cupid arrows. Use the table to answer the questions. Exports Imports 87 400 50 113 Income payments 35 13 Unilateral transfers 0 77 What is the value of the merchandise trade balance for Cherubland? Goods Services

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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