When a Nation Exports a Good,its ________ Surplus Decreases,and When

question 281

Multiple Choice

When a nation exports a good,its ________ surplus decreases,and when it imports a good,its ________ surplus decreases.

• A) consumer; producer
• B) consumer; consumer
• C) producer; producer
• D) producer; consumer
• E) total; consumer

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Definitions:

Enforce

To compel observance of or obedience to a law, rule, or obligation through legal authority or force.

Instrument

A formal legal document that evidences an agreement, right, or obligation.

Authorized Representative

An individual who has been formally empowered to act on behalf of another person or organization.

Negotiated

The process through which parties discuss and reach a mutual agreement on the terms of a deal or contract.