An Increase in a Balance of Trade Surplus Tends To

question 17

Multiple Choice

An increase in a balance of trade surplus tends to:

• A)exert an expansionary effect on the economy.
• B)exert a contractionary effect on the economy.
• C)occur when a country's exchange rate is too high.
• D)occur when a country's exports are too expensive.

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Definitions:

Development

The stage of the new-product development process that turns the idea on paper into a prototype.

Customer Experience Management

Strategies and practices aimed at managing and improving the overall interaction between customers and a company throughout the customer lifecycle.

Employee Interactions

The various ways in which employees communicate and work together within an organization.

Target Market

The specific group of consumers at which a company aims its products and services, characterized by specific demographics, interests, or behaviors.