IT1: Specialization, exports, imports, balance of trade
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Last updated almost 6 years ago
5 questions
1
Match the examples of specialization to the correct state/area.
Match the examples of specialization to the correct state/area.
- Oranges
- Financial markets/banking
- Automobiles
- Wheat
- Grapes for wine
- New York
- Florida
- Detroit
- California
- Midwest
1
Which of the following best defines the term"balance of trade"?
Which of the following best defines the term"balance of trade"?
1
If the U.S. exports $150 billion to China, but imports $100 billion, then the U.S. has a
If the U.S. exports $150 billion to China, but imports $100 billion, then the U.S. has a
1
For a country to have a trade deficit which of the following must be true?
For a country to have a trade deficit which of the following must be true?
1
Based on the chart above the United States has a trade surplus with which country?
Based on the chart above the United States has a trade surplus with which country?