If a Country Has a Trade Surplus, We Can Conclude

question 267

Multiple Choice

If a country has a trade surplus, we can conclude that it also has:

• A)a budget surplus.
• B)a net capital outflow.
• C)a net capital inflow.
• D)a budget deficit.

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Definitions:

Role Discrimination

The unfair treatment of individuals based on their assumed roles or positions in society rather than on individual merit.

Division of Labor

The allocation or distribution of tasks, responsibilities, or jobs among individuals or groups, often based on specialization.

Periodic Inventory System

An inventory system where inventory levels are updated and cost of goods sold is calculated at set intervals, rather than continuously.

Weighted-Average Method

An inventory costing method that assigns an average cost to each unit of inventory, calculating it based on the weighted average of the cost of goods available for sale.