If the Value of a Nation's Imports Is More Than

question 47

Multiple Choice

If the value of a nation's imports is more than the value of
Its exports, then the nation is experiencing:

• A)a trade deficit.
• B)a trade surplus.
• C)balanced trade.
• D)a trade balance.

---

Definitions:

Rebates

A partial refund to someone who has paid too much for tax, rent, or a utility, or as a promotional incentive offered by manufacturers or retailers after purchase.

Samples

Small quantities or instances of a product or material used for testing, evaluation, or demonstration purposes to gauge its characteristics or the population’s response.

Controlled Experiments

A research method where variables are manipulated to observe the effect on a dependent variable, often used to establish causal relationships.

Product Samples

Small quantities of a product given away for free to customers for the purpose of trial and evaluation.