Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B. A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports. C. A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production. D. A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Q 8.31: The financial statements of Baker Company report net sales of $500,000 and accounts receivable of $10,000 and $15,000 at the beginning of the year and end of year, respectively.
Answers (1)
Which one of these is correct? Taxable income must be a positive value. Net income is distributed either to dividends or retained earnings. Taxable income equals net income * (1 + Average tax rate). Depreciation has no effect on taxes.
Answers (1)
Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand that are unit elastic. d. income elasticities of demand that are negative.
Answers (1)
It is important for welders to use eyewear with UV protection.
Answers (2)
One disadvantage of the corporate form of business ownership is the: Multiple Choice1. limited liability of its shareholders for the firm's debts. 2. double taxation of distributed profits. 3.
Answers (1)
New Questions in Business
What type of credit is used to lease a building?
Answers (1)
Suppose you transfer $1,000 from your checking account to your savings account. how does this action affect the m1 and m2 money supplies?
Answers (1)
An author just signed a lucrative contract with a publisher that offers to pay her the amount of $600 at the end of year 9 when the book is scheduled to be released.
Answers (1)
When you delete an e-mail in Gmail, where is it moved to?
Answers (2)
The sequencing of activities is often based upon dependencies between the activities. The dependencies that should guide activity sequencing can be either: a. critical or non-critical b. opportunities or threats c.
Answers (1)