A Nation Has a Favorable Balance of Trade When _____

question 83

Multiple Choice

A nation has a favorable balance of trade when _____

• A) it has a surplus in its balance of payments.
• B) it has a deficit in its balance of payments.
• C) the value of its imports is greater than the value of its exports.
• D) merchandise exports exceed merchandise imports.
• E) it has high tariffs.

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Definitions:

Tourist Attractions

Locations that draw visitors by providing culturally rich, entertaining, or historically significant experiences, often contributing to the local economy.

Mid- and Late 1500s

A historical period during the 16th century characterized by significant political, social, and cultural changes in Europe.

Moral Treatment Movement

A historical approach to mental illness that emphasized humane and compassionate care for the mentally ill, including social inclusion and focus on individual rights.

Nineteenth Century

The period of time between the years 1801 and 1900, characterized by significant social, technological, and political change.