If a Nation's Merchandise Exports Are $55 Billion, While Its

question 63

Multiple Choice

If a nation's merchandise exports are $55 billion, while its merchandise imports are $50 billion, we can conclude with certainty that this nation is experiencing a:

• A)balance of trade surplus.
• B)balance of payments surplus.
• C)positive balance on current account.
• D)positive balance on goods and services.

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Definitions:

Ministers

Government officials who head various administrative segments (ministries) responsible for specific areas of public policy, such as education or defense.

Imams

In Islam, religious leaders or heads of the Muslim community, especially one leading the prayer in a mosque.

Lamas

Religious teachers and leaders in Tibetan Buddhism, often monks, who play significant roles in guiding spiritual practices and rituals.

Rabbis

Jewish religious leaders and teachers of Torah or Jewish law.