When the Value of a Country's Imports Exceeds the Value

question 91

Multiple Choice

When the value of a country's imports exceeds the value of its exports the country is said to have a:

• A) trade surplus
• B) trade deficit
• C) lack of trade
• D) failure of trade
• E) trade loss

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Definitions:

OCD

Obsessive-Compulsive Disorder, a mental health condition characterized by unwanted, repetitive thoughts (obsessions) and behaviors (compulsions) that an individual feels compelled to perform.

Identical Twins

Twins who originate from the same fertilized egg, sharing 100% of their genetic material.

Phobia

An excessive and irrational fear reaction to a specific object, situation, or activity, often leading to avoidance behavior.

PTSD

A mental health issue known as post-traumatic stress disorder develops as a result of direct exposure to or witnessing a traumatic incident, manifesting through severe anxiety, flashbacks, and nightmares.