Which of the Following Is True When a Country Is

question 24

Multiple Choice

Which of the following is true when a country is experiencing a trade surplus?

• A) Demand for domestic goods is equal to the domestic demand for goods.
• B) Demand for domestic goods is greater than the domestic demand for goods.
• C) Demand for domestic goods is less than the domestic demand for goods.
• D) A budget deficit exists.
• E) A budget surplus exists.

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Definitions:

Income Tax

A tax imposed by the government directly on individuals' or entities' income.

Lincoln

The 16th President of the United States, Abraham Lincoln, who led the nation during the Civil War and is known for issuing the Emancipation Proclamation.

Pay for the War

Refers to the methods and strategies used by governments to finance military conflicts, often involving taxes, bonds, or borrowing.

Desertion

The act of abandoning a duty or post, especially in military service, without permission and with no intention of returning.