A Country Has a Trade Surplus When the ________

question 84

Multiple Choice

A country has a trade surplus when the ________.

• A) value of its exports exceeds the value of its imports
• B) exchange rate of its currency with other currencies is variable
• C) exchange rate of its currency with other currencies is fixed
• D) value of its imports exceeds the value of its exports
• E) total flow of money into the country equals the total flow of money out of the country

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Definitions:

Desk

A piece of furniture with a flat top and legs, used for writing, working or using a computer.

Box of Tools

Metaphorically refers to a set of skills, strategies, or resources available to individuals or organizations for performing tasks or solving problems.

Economic Goods

Items or services that have a price and are scarce in relation to their demand, thus necessitating economic decision-making.

Scarce Resources

Raw materials, labor, and capital that are limited in availability, requiring societies to make decisions on their allocation and use.