If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country’s trade balance? a. there will be a trade deficit. b. there will be no effect. c. there will be a trade surplus. d. the trade deficit will increase. #plato

There will be a trade surplus of 5 billion dollars (since the country is exporting the equivalent of 5b dollars more than it imports).

A trade surplus is basically the difference between the export and import amount. Note that it only refers to cases where exports exceede the import amount. In other words, it is the countriestrade profit.

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the main inference that can be drawn from jean jacques rousseau's book the social contract is: a. people can enjoy civil and physical freedom, even if it sometimes harms society.

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in 1803 the louisiana purchase took place, doubling the size of the country. by 1840 almost 7 million americans had migrated westward in hopes of securing land and being prosperous. the belief that settlers were destined to expand to the west is often referred to as manifest destiny.

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