A Trade Surplus Occurs When

question 53

Multiple Choice

A trade surplus occurs when:

• A)exports exceed imports.
• B)imports exceed exports.
• C)tariffs exceed quotas.
• D)quotas exceed tariffs.

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Definitions:

Racist Attitude

Prejudiced beliefs or discriminatory behaviors towards individuals based solely on their race or ethnicity.

Risky Shift

The tendency for a group decision to be riskier than the average decision made by the individual group members.

Riskier

Describes actions or situations that involve a greater likelihood of leading to harm or loss.

Group Decision

The process through which two or more individuals come to a conclusion or resolve an issue collaboratively.