A Nation Records a Trade Surplus When

question 161

Multiple Choice

A nation records a trade surplus when:

• A) foreign remittances paid are more than foreign remittances received.
• B) net exports are positive.
• C) imports are greater than exports.
• D) net exports equal zero.

Describe the structural organization and function of smooth muscle in the gastrointestinal tract.

Identify the components of the musculoskeletal system that enable movement.

Appreciate the complexity of facial expressions and the muscles involved.

Understand the components and stages of love and their significance in forming romantic relationships.

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Definitions:

Esther Duflo

A French-American economist known for her research in development economics and her work on poverty reduction through field experiments.

Abhijit Banerjee

An economist known for his research in the field of development economics, particularly for his work on poverty alleviation and for being a recipient of the Nobel Prize in Economics.

Consumption Decisions

Choices made by individuals, firms, or governments regarding which goods or services to allocate their limited resources toward.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors. This concept is one of the fundamental principles of economics that helps explain the gains from trade.