Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the United States exports $100 worth of corn to Trinidad and Tobago and imports $80 worth of sugar cane, the U.S. has a(n) a.

If the United States exports $100 worth of corn to Trinidad and Tobago and imports $80 worth of sugar cane, the U.S. has a(n)

a. comparative advantage.
b. unfavorable balance of trade.
c. trade deficit.
d. negative cash flow.
e. trade surplus.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dividend Growth Investing Machine

Authors: Andrew P.C.

1st Edition

1521728461, 978-1521728468

More Books

Students also viewed these Finance questions

Question

4. How is culture a contested site?

Answered: 1 week ago