Union High School decides to form their own country called Unionland. She does a lot of trade with the U.S., Canada, and Mexico but last year Unionland imported a lot more items than they produced and exported to other countries. This is known as:

MERCHANDISING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Even Trade
B	Trade Deficit
C	Trade Surplus
D	Bankruptcy

Explanation:

Detailed explanation-1: -In 2021, of the $276.5 billion in U.S. exports to Mexico, the top commodity sectors were Machinery and Mechanical Appliances (29.9%), Oils, Minerals, Lime, and Cement (16.0%), and Chemicals, Plastics, Rubber, and Leather goods (15.9%).

Detailed explanation-2: -Mexico, Imports of goods and services as percentage of GDP is 37.89 %. Mexico, Exports of goods and services as percentage of GDP is 40.09 %.

Detailed explanation-3: -Agricultural Products Avocados, tomatoes, onions and bell peppers are popular vegetable imports from Mexico.

Detailed explanation-4: -Trade between Mexico and the United States developed during the rule of President Porfirio Diaz. He had had a long rule as the Mexican President (1876-1911). Diaz opened his country to foreign investment and this led to many American entrepreneurs investing in Mexican agriculture, mines, and ranches.

There is 1 question to complete.

MANAGEMENT

BUISENESS MANAGEMENT

MERCHANDISING