An Increase in a Balance of Trade Surplus Tends To

question 17

Multiple Choice

An increase in a balance of trade surplus tends to:

• A)exert an expansionary effect on the economy.
• B)exert a contractionary effect on the economy.
• C)occur when a country's exchange rate is too high.
• D)occur when a country's exports are too expensive.

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Definitions:

Prefer

To like, choose, or desire one thing over another, based on individual taste or judgment.

Existing Groups

Pre-established groups that have formed naturally or have been organized for a specific purpose prior to a study or intervention.

Cross-Generational Studies

Research investigations that compare different age groups over time to understand changes and continuities in behaviors, attitudes, or conditions across generations.

Coercive Power

A form of power that is based on the ability to deliver punishments or remove rewards to influence others.