The differences between a country’s merchandise exports and its merchandise imports is the ?

Related Mcqs:

1. What is called the difference in the value of a nation’s imports over exports or exports over imports ?

   A. Trade deficit
   B. Trade simples
   C. Both a & b
   D. Not a nor b

2. The record of country’s imports and exports of goods and services is called its ?

   A. visible trade balance
   B. balance of trade
   C. balance of payments on current account
   D. balance of payments.

3. The record of country’s imports and exports of goods is called its ?

   A. balance of trade:
   B. balance of payments
   C. balance of payments on current account
   D. visible trade balance

4. The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

   A. balance of payments on current account
   B. visible trade balance
   C. balance of trade
   D. balance of payments

5. What is called the difference in the money value between exports and imports during the specific period of time ?

   A. Balance of payment
   B. Balance sheet
   C. Terms of trade
   D. Balance of trade

6. For the United states, exports plus imports are about _____ of its gross national product?

   A. 5 percent
   B. 10 percent
   C. 25 percent
   D. 55 percent

7. The situation when a country imports more than it exports is ?

   A. a recession
   B. a trade surplus
   C. a trade deficit
   D. an expansion.

8. A depreciation of the dollar will have its most pronounced impact on imports if the demand for imports is ?

   A. constant
   B. inelastic
   C. elastic
   D. Unitary elastic

9. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

10. _____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?

    A. Paul Samuelson’s
    B. Wolfgang Stolpher’s
    C. Staffan Linder’s
    D. Wassily Leontief’s