If Saudi Arabia Had Negative Net Exports Last Year,then It

question 34

Multiple Choice

If Saudi Arabia had negative net exports last year,then it

• A)sold more abroad than it purchased abroad and had a trade surplus.
• B)sold more abroad than it purchased abroad and had a trade deficit.
• C)bought more abroad than it sold abroad and had a trade surplus.
• D)bought more abroad than it sold abroad and had a trade deficit.

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Definitions:

Capitalist States

Countries where economic systems are based on private ownership and the free market determines allocation of resources.

Authoritarian States

Nations where political power is concentrated in a single authority, with limited personal freedoms.

Individual Wealth

The total value of all assets owned by a single person, minus any debts.

Communism

A political and economic ideology that aims at creating a classless society in which the means of production are owned and controlled by the community as a whole.