When a Country's Exports of Goods Are Less Than Its

question 212

Multiple Choice

When a country's exports of goods are less than its imports of goods in a given period, it has a

• A) trade deficit.
• B) capital account deficit.
• C) trade surplus.
• D) current account surplus.

---

Definitions:

Germany

A country in Central Europe, renowned for its influential historical roles, technological advancements, and cultural contributions.

Austria-Hungary

Austria-Hungary, also known as the Austro-Hungarian Empire, was a dual monarchy in Central Europe from 1867 to 1918, composed of the Austrian Empire and the Kingdom of Hungary.

Balkans Crisis

A sequence of political and military events in the early 20th century that escalated tensions among the Great Powers and contributed to the outbreak of World War I.

Adriatic

A body of water separating the Italian Peninsula from the Balkan Peninsula, and the Adriatic Sea is known for its deep blue waters and historic coastal communities.