ECONOMICS (CBSE/UGC NET)

ECONOMICS

BALANCE OF TRADE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Chairs made in North Carolina are flown to Mexico.
A
import
B
export
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Destinations In November 2022, North Carolina exported mostly to China ($740M), Canada ($627M), Mexico ($402M), France ($186M), and United Kingdom ($96.2M), and imported mostly from Netherlands ($1.01B), Mexico ($813M), China ($615M), Canada ($399M), and Germany ($375M).

Detailed explanation-2: -Immunological retail products in doses: US$2.5 billion (7.4% of North Carolina’s exports) Antisera, other blood fractions: $1.16 billion (3.5%) Miscellaneous retail medications in doses: $1.156 billion (3.5%) Aircraft, aircraft engines or other parts: $883.2 million (2.6%) More items •25-Oct-2022

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