Examlex
Which one of the following is a vendor transaction?
Balance of Trade Surplus
A situation where the value of a country's exports exceeds the value of its imports over a given period, indicating a positive balance of trade.
Exports
Goods or services produced in one country and sold to buyers in another, contributing to the selling country's national income.
Imports
Goods or services brought into one country from another for sale or use.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choosing between options.
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