When a Country Imports More Than It Exports,this Results in a

question 32

Multiple Choice

When a country imports more than it exports,this results in a

• A) trade balance.
• B) trade deficit.
• C) trade surplus.
• D) recession.
• E) inflation.

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Definitions:

Fire Extinguishers

Portable devices that emit substances to extinguish a fire by cooling the burning material, depriving the flame of oxygen, or interfering with the chemical reactions occurring.

Sale Of Goods

The transfer of ownership of goods from a seller to a buyer for a price.

Specific Quantity

A precise amount or number of items designated in an agreement or contract.

Promise To Ship

A commitment or agreement to dispatch goods to a buyer within a specified period.