One Year a Country Has Negative Net Exports

question 31

Multiple Choice

One year a country has negative net exports.The next year it still has negative net exports and imports have risen more than exports.

• A)its trade surplus fell.
• B)its trade surplus rose.
• C)its trade deficit fell.
• D)its trade deficit rose

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Definitions:

Cash Fund

A reserve of cash set aside for specific needs or emergencies, ensuring liquidity for unexpected expenses.

Gain on Disposal

The profit realized from the sale of an asset for more than its book value.

Cost of Goods Sold

The total cost associated with making or acquiring any goods sold during a reporting period.

Natural Resources

Assets that consist of standing timber and underground deposits of oil, gas, and minerals.