A Surplus in a Country's Trade Balance Means That

question 17

Multiple Choice

A surplus in a country's trade balance means that:

• A)its net exports exceed transfer payments.
• B)the country's currency is over-valued.
• C)the value of its net exports is positive.
• D)imports into the country exceed exports.
• E)domestic savings exceeds domestic investment.

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Definitions:

Gelatinous Covering

A thick, jelly-like substance that coats or surrounds certain cells or organisms, often serving protective or structural functions.

Internal Fertilization

A reproductive process in animals where sperm fertilizes an egg inside the body.

Homo Erectus

An extinct species of early human that lived throughout most of the Pleistocene geological epoch, known for being one of the first hominids to have a stature and proportions similar to those of modern humans.

Homo Sapiens

The species name for modern humans, characterized by bipedalism and advanced cognitive abilities.