A Balance-Of-Trade Surplus Exists

question 15

Multiple Choice

A balance-of-trade surplus exists

• A)if the dollar value of exports exceeds the dollar value of imports.
• B)if the dollar value of imported capital exceeds the dollar value of exports.
• C)only if there is relative price inflation domestically.
• D)only if full employment exists domestically.
• E)only when there is an excess supply of money domestically.

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Definitions:

Triangulation

In navigation or surveying, the method of determining a location or area by forming triangles to it from known points. In social sciences, using multiple perspectives to analyze data.

Midterm Election

Elections held in the United States every four years, approximately midway through a president's term, where a large portion of the Congress, including all of the House of Representatives and one-third of the Senate, is up for election.

Liberal Principles

Ideals centered on the belief in freedom, democracy, and the importance of individual rights, advocating for minimal government intervention in personal and economic affairs.

Conservative Principles

Political and social ideals that emphasize traditional values, limited government, and free market principles.