A Nation Records a Trade Surplus When

question 161

Multiple Choice

A nation records a trade surplus when:

• A) foreign remittances paid are more than foreign remittances received.
• B) net exports are positive.
• C) imports are greater than exports.
• D) net exports equal zero.

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Definitions:

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including labor, material, and overhead costs.

Cost Information

Data related to the amount spent on the production, operation, or acquisition of a product or service.

Raw Materials Inventory Turnover

A ratio that measures how many times a company's inventory of raw materials is used and replaced over a specific period.

Materials Inventory

The total cost of all components, parts, and raw materials stored and used in the production of finished goods.