When a Nation's Net Exports Are Equal to Zero, It

question 108

Multiple Choice

When a nation's net exports are equal to zero, it has a

• A) surplus in trade.
• B) shortage in trade.
• C) balanced trade.
• D) deficit in trade.

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Definitions:

Duress

A situation where a person is forced or coerced into acting against their will through threats, pressure, or intimidation.

Objective Intent

refers to the outward manifestation of a party's intention as it appears to others, used in legal contexts to determine contractual obligations.

Subjective Intent

An individual's personal, internal intentions or motivations, as opposed to how their actions might be viewed by others.

Represented

The act of having someone speak, act, or make decisions on behalf of another person or entity.