The accompanying table contains hypothetical data for the U5. balance of payments in a year. All figures are in billions of dollars. The balance oftiade in goods and services was a(n) Multiple Choice 0 $54 billion deficit. $107 billion surplus. O 0 $53 billion decit. 0 $14 billion surplus. 6 Common arguments often raised tojustify trade barriers include the following, except Multiple IChoice 2 0126111 0 the need to protect foreign producers. the need for protecting against dumping. O the need for military self-sufficiency. to diversify.r for stability. 8 $2.50 2.00 1.50 Price 1.00 02:24:54 0.50 O 100 200 300 400 500 600 Quantity Refer to the graph, which shows the domestic demand and supply curves for a specific product in a hypothetical nation called Econland. If the world price for this product is $2.00, then Econland will Multiple Choice O export 200 units. O import 200 units. O export 400 units. O export 100 units.Week 7': Connect Quiz 0 Saved 9 m The table contains hypothetical data for the U.S. balance of payments. All gures are in billions of dollars. The United States has a balance of goods Multiple Choice 0 surplus of$25 billion. decit of $15 billion. decit of $1?5 billion. 0 surplus of -$25 billion