When a Country Exports More Than It Imports, It Has

question 13

Multiple Choice

When a country exports more than it imports, it has a(n)

• A) trade deficit.
• B) favorable balance of trade.
• C) unfavorable exchange rate.
• D) unfavorable balance of trade.
• E) unfavorable balance of payments.

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Definitions:

Balance Sheet Classification

The organization of assets, liabilities, and shareholders' equity in a company's balance sheet according to standards and principles of accounting.