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Oceania Buys $100 of Wine from Escudia and Escudia Buys

Question 21

Multiple Choice

Oceania buys $100 of wine from Escudia and Escudia buys $80 of wool from Oceania.Suppose this is the only trade that these countries do.What are the net exports of Oceania and Escudia,in that order?


A) $80 and $100
B) $-20 and $20
C) $20 and -$20
D) None of the above is correct.

Correct Answer:

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