Trade Surplus Is

question 164

Multiple Choice

Trade surplus is

• A) the sum of a nation's total exports and total imports.
• B) the difference between a nation's total exports and total imports.
• C) when a nation exports more than it imports.
• D) when a nation imports more than it exports.
• E) when a nation no longer feels it has the need for trade partners.

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Definitions:

European Monarchs

The kings, queens, emperors, or empresses reigning over countries in Europe, playing various roles from figureheads to absolute rulers depending on the country's system of governance.

16th Century

The period from 1501 to 1600, marked by significant events such as the beginning of the Reformation and the exploration and colonization of the Americas.

Americas

The lands of the Western hemisphere, comprising North, Central, and South America.

Western Europe Politics

The political structures, systems, and dynamics characteristic of countries in Western Europe.