A Balance of Trade Deficit Exists When

question 62

Multiple Choice

A balance of trade deficit exists when:

• A)the monetary value of imports exceeds that of exports.
• B)economies of scale are not achievable.
• C)supply of imports exceeds the demand for them.
• D)the monetary value added by an exporting nation exceeds that added by an importing nation.
• E)the monetary values of exports and imports are equal.

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Definitions:

Food

Any nutritious substance that people or animals eat or drink or that plants absorb to maintain life and growth.

Anorexia

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe food restriction and weight loss.

Failure

The lack of success or the inability to meet a desired or intended objective.

Menstruate

The monthly process in females of reproductive age in which the lining of the uterus is shed if fertilization does not occur, resulting in menstrual bleeding.