A Country Has a Trade Surplus When

question 160

Multiple Choice

A country has a trade surplus when

• A) its exports exceed its imports.
• B) its exports equal its imports.
• C) its government spending exceeds its tax revenues.
• D) its exports are less than its imports.

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Definitions:

Injunctions

Court orders that require an individual or entity to do or cease doing a specific action.

Unionization Efforts

The processes and activities undertaken by workers and labor unions to encourage and facilitate the formation of unions at workplaces.

Late 1800s

A period characterized by significant industrialization, economic growth, and social change, occurring in the final decades of the 19th century.

3 Step Process

A generalized procedural framework, typically involving stages such as preparation, implementation, and review, used to achieve a specific goal or resolve problems.