The value of the goods and services Australia purchases from the U.S.are less than the value of goods and services the U.S.purchases from Australia.The U.S.has
A)positive net exports with Australia and a trade surplus with Australia.
B)positive net exports with Australia and a trade deficit with Australia.
C)negative net exports with Australia and a trade surplus with Australia.
D)negative net exports with Australia and a trade deficit with Australia.

Question

Quizplus · Accepted Answer

The U.S. has negative net exports with Australia because it imports more from Australia than it exports to Australia, resulting in a trade deficit.

The Value of the Goods and Services Australia Purchases from the U.S.are