If Exports Are Greater Than Imports, the Country Is Said

question 43

Multiple Choice

If exports are greater than imports, the country is said to have a:

• A)trade advantage
• B)trade balance
• C)trade surplus
• D)trade deficit

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Definitions:

Capital Resources

Assets such as machinery, buildings, and technology that are used in the production of goods and services.

High Price

A term referring to a price level that is significantly above average or expected, often indicating scarcity, high demand, or premium quality.

Wages

Payments made to workers or employees as compensation for their labor, typically calculated on an hourly, daily, or piecework basis.

Bonuses

Extra payments given to employees above their normal compensation as a reward for performance or achievement.