Trade Surplus Is

question 164

Multiple Choice

Trade surplus is

• A) the sum of a nation's total exports and total imports.
• B) the difference between a nation's total exports and total imports.
• C) when a nation exports more than it imports.
• D) when a nation imports more than it exports.
• E) when a nation no longer feels it has the need for trade partners.

---

Definitions:

Average Cost

The cost calculated by dividing the total cost of goods available for sale by the total units available for sale.

Financial Advantage

A benefit or edge that contributes to a stronger financial position relative to competitors or within the marketplace.

Constraint

A limitation under which a company must operate, such as limited available machine time or raw materials, that restricts the company’s ability to satisfy demand.

Current Profitability

A measure of a company's financial performance in the current period, often assessed through margins or net income.