A Trade Surplus Occurs When

question 5

Multiple Choice

A trade surplus occurs when:

• A)government spending exceeds government revenue.
• B)government revenue exceeds government spending.
• C)exports exceed imports.
• D)exports are less than imports.

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Definitions:

BIOS

Basic Input/Output System, BIOS, is firmware used to perform hardware initialization during the booting process and to provide runtime services for operating systems and programs.

UEFI

Unified Extensible Firmware Interface, a modern software designed to replace the traditional BIOS firmware, providing a standardized interface for operating systems and the platform firmware.

Boot Sequence

Boot Sequence is the order in which a computer's hardware and software components are initialized during the startup process.

UPS

Uninterruptible Power Supply, a device that provides emergency power to a load when the input power source, typically mains power, fails.