A Situation in Which the Value of a Country's Exports

question 213

Multiple Choice

A situation in which the value of a country's exports exceeds the value of its imports is called a(n) :

• A) trade surplus.
• B) capital surplus.
• C) balance of payments surplus.
• D) exchange rate surplus.

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Definitions:

Democratic

Pertaining to or characterized by the principles of democracy, involving fair and equal participation and representation of the people in the decision-making process.

Laissez-Faire

A leadership or management style characterized by a minimal amount of direct supervision, allowing individuals or teams considerable freedom in their work.

Transactional Leader

A leadership style focused on the exchange between leader and followers, where compliance is exchanged for specified rewards.

Transformational Leader

A leadership approach that causes change in individuals and social systems, by creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.