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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Determine whether the sampling method described below appears to be sound or is flawed. In a survey of 727 human resource professionals, each was asked about the importance of the education of a job applicant.
Answers (1)
When entering into a new partnership, a good strategy is to:?
Answers (1)
Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,080,000 Net operating income $ 3,108,960 Average operating assets $ 8,600,000 The company's minimum required rate of
Answers (1)
Statistics show that there is a weak relationship between education and income. true or false
Answers (1)
Elle, an adolescent, believes that government should pay for citizens' health care. from this premise, she reasons about the particulars of how and why government-funded health care would work. this is an example of
Answers (1)
New Questions in Business
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
What is the difference between capital gain and capital loss?
Answers (1)
g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.
Answers (1)
What are the order of in which management can take legal action against a employee
Answers (1)
What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.
Answers (1)