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Read the article below about The Import-Export Balance.For each question 31 40,
Read the article below about The Import-Export Balance.For each question 31 40,
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2025-05-28
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Read the article below about The Import-Export Balance.
For each question 31 40, write one word in CAPITAL LETTERS on your Answer Sheet.
There is an example at the beginning, (0).
The advantages of international trade are obvious. Trading(0)other nations can also pose problems if a country’s imports and exports do not balance out, though.(31)______deciding whether a balance does or does not exist, economists use two measures:balance of trade and balance of payments.
The total economic value of all products imported(32)______a country compared to the total economic value of all other products exported out of a country is that nation’s balance of trade. Relatively small imbalances in the value of imports and exports for a country are quite common and(33)______very important.
However, sometimes a country’s trade imbalance can be very large. For example, Japan exports goods and services equal(34)______about 15 percent of everything it manufactures. However.it only needs to import goods and services equal to around 5 percent(35)______what it manufactures at home. The difference amounts (36)______a trade surplus(a positive balance of trade)of several billion dollars each year.
Japan is generally content(37)______its trade imbalance, because it results (38)______more money flowing into the country than is flowing out. But some of its trading partners are not. For the last several years, the United States has been importing more than it exports, resulting in a trade deficit(a negative balance of trade).(39)______a consequence, more money is leaving the United States (40)______is entering it. [br]
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