If a Country's Merchandise Exports Exceed Its Merchandise Imports

question 51

Multiple Choice

If a country's merchandise exports exceed its merchandise imports,

• A)it has a trade surplus.
• B)it has a trade deficit.
• C)it has a current account surplus.
• D)it has a current account deficit.

Understand the concept of forced savings programs and the difference between Medicare and Medicaid.

Recognize the role of federal legislation in shaping welfare and educational policies.

Explain the variance in welfare benefits and the concept of in-kind benefits.

Understand the societal shift in attitudes towards welfare and poverty due to historical events.

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Definitions:

Rent

A payment made periodically by a tenant to a landlord in exchange for the use of land, a building, or other property.

Property Taxes

Taxes levied by local governments based on the assessed value of real estate property.

Monthly Profit

The total amount of income a business generates in a month after all expenses have been subtracted from total revenue.

Target Return

A pricing strategy where the price is set based on a desired return on investment for a product or service.