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

---

Definitions:

Lucrative Professions

Occupations that offer a high financial reward, often requiring specialized skills, education, or experience, and are in high demand within the economy.

Law

A system of rules that are created and enforced through social or governmental institutions to regulate behavior, with the aim of ensuring order and justice in society.

Medicine

The science and practice of diagnosing, treating, and preventing diseases and injuries in humans and animals.

Educational System

An organized framework designed to transmit knowledge, skills, and cultural values to members of a society, typically institutionalized as schools, colleges, and universities.