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:

Financial Asset(s)

Financial Assets are tangible or intangible assets that represent a claim to future cash flows or ownership of value, including stocks, bonds, and bank deposits.

Derivatives

Derivatives are financial instruments whose value is derived from the performance of an underlying asset, index, or interest rate, used for speculation or hedging risks.

US Agency Bonds

Securities issued by agencies of the United States government or government-sponsored enterprises, offering a relatively safe investment.

Buildings

Structures constructed for residential, commercial, or industrial purposes.