A Country Has a Trade Surplus When the ________

question 84

Multiple Choice

A country has a trade surplus when the ________.

• A) value of its exports exceeds the value of its imports
• B) exchange rate of its currency with other currencies is variable
• C) exchange rate of its currency with other currencies is fixed
• D) value of its imports exceeds the value of its exports
• E) total flow of money into the country equals the total flow of money out of the country

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Definitions:

Industry Concentration

The extent to which a small number of firms dominate the total output, sales, or employment of an industry.

R&D Expenditures

Funds allocated towards research and development activities in order to innovate or improve products, processes, or services.

Diffusion

The process by which an innovation is communicated through certain channels over time among the members of a social system.

Commercial Introduction

The phase in which a new product or service is introduced to the general market.