Asked by
Brandon Richardson
on Oct 12, 2024Verified
If more foreign tourists visited the United States,this would
A) lower our merchandise trade imbalance.
B) lower our overall trade imbalance.
C) raise our merchandise trade imbalance.
D) raise our overall trade imbalance.
Foreign Tourists
Visitors from other countries who travel to a different country for leisure, business, or other purposes, contributing to the host country's economy.
Merchandise Trade Imbalance
A discrepancy between a country's exports and imports of tangible goods, leading to either a trade surplus or deficit.
Overall Trade Imbalance
The difference between a country's total exports and total imports over a certain period, indicating whether a country is in a trade surplus or deficit.
- Pinpoint and appraise the factors leading to a country's trade balance status and its repercussions on the economic landscape.
Verified Answer
TT
Learning Objectives
- Pinpoint and appraise the factors leading to a country's trade balance status and its repercussions on the economic landscape.