v Question Completion Status: England, the company a, is exporting the lenses. b

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v Question Completion Status: England, the company a, is exporting the lenses. b. is importing the lenses. O C is increasing the balance-of-trade deficit. O d. has an absolute advantage. O e. is making a big mistake. QUESTION 31 When a country imports more than it exports, it has a(n) O a. unfavorable balance of trade. O b. favorable balance of trade. O c. trade surplus. O d, favorable exchange role. O e. favorable balance of payments. QUESTION 32 Excellent Air Inc. is a well-known establishment in the airline business. It is currently one of the t prides itself on good customer service and being concerned with the broader societal eood. EAl m Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

31. When imports exceed export, it is a situation of trade deficit and hence unfavorable balance of trade.

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