Which of the Following Statements Is True of Trade Surplus

question 15

Multiple Choice

Which of the following statements is true of trade surplus?

• A) It occurs when a nation only imports goods and services.
• B) It occurs when a nation imports goods and services more than it exports.
• C) It occurs when a nation only exports goods and services.
• D) It occurs when a nation exports goods and services more than it imports.

---

Definitions:

Debit Side

The left side of an account in double-entry bookkeeping, used to record increases in assets and expenses or decreases in liabilities and equity.

Credit Side

The right side of an accounting ledger where credits are recorded, typically increasing liabilities and equity or decreasing assets.

Expenses

The money spent or costs incurred in an entity's efforts to generate revenue, representing the cost of doing business.

Withdrawals

Funds taken out from a business by its owner(s) for personal use.