A Country with a Trade Surplus Is

question 82

Multiple Choice

A country with a trade surplus is:

• A)consuming more than it produces.
• B)producing more than it consumes.
• C)producing up to the level of desired consumption.
• D)consuming up to the level of potential production.

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Definitions:

Operating Lease

A lease agreement allowing a company to use an asset without the risks of ownership, like an asset's obsolescence.

Lessee

The party in a lease agreement who receives the right to use an asset from the lessor in exchange for payment.

Lessor

An entity or individual that leases an asset to a lessee, retaining ownership of the asset while granting usage rights for a specified period under agreed conditions.