Which of the Following Would Contribute to a Positive Trade

question 142

Multiple Choice

Which of the following would contribute to a positive trade balance for a country?

• A) having tourists visit the country
• B) importing textiles
• C) having foreign residents buy the government bonds of the country
• D) importing financial services

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Definitions:

Tariffs

Taxes imposed by a government on imported goods and services to restrict imports or generate revenue.

Import Quotas

Restrictions set by a country on the quantity of goods that can be imported within a certain time frame to protect domestic industries.

Domestic Employment

The total number of people employed within a country's borders, reflecting the health of the economy and labor market.

Services Abroad

The provision of services by a country or business to clients or customers located in other countries.