A Trade Deficit Occurs When ______

question 105

Multiple Choice

A trade deficit occurs when ______.

• A) imports exceed exports
• B) foreign-aid payments exceed exports
• C) imports are sold at low profits
• D) there is a net flow of money into a country

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Definitions:

Variable Cost Estimates

Predicted costs that vary in total in direct proportion to changes in an activity level or output.

Travel Expenses

are costs associated with business travel, including transportation, lodging, and meals, often reimbursable by an employer.

Customers Served

The total number of customers that have been provided services or goods by a business during a specific time period.

Flexible Budget

A budget which is modifiable in response to changes in the volume of operations or activity levels.