If a Country's Exports Are Greater Than Its Imports, What

question 166

Multiple Choice

If a country's exports are greater than its imports, what is the country said to have?

• A) a trade surplus
• B) a trade deficit
• C) a comparative advantage
• D) an absolute advantage

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Definitions:

Organization

An organized group of people with a particular purpose, such as a business or government department.

Flexible Adaptive Leadership

A leadership approach that emphasizes the ability to adapt and adjust to changing circumstances while maintaining effectiveness.

Exposure

The act of presenting or exposing something to others, such as ideas, products, or oneself, to gain attention or recognition.

High-exposure Jobs

Occupations or positions that require a high level of visibility or public interface.