Question: When does a trade surplus occur? Multiple choice question. When an economy outsources production When exports exceed imports When imports exceed exports When the trade

When does a trade surplus occur? Multiple choice question. When an economy outsources production When exports exceed imports When imports exceed exports When the trade balance is negative

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

When does a trade deficit occur? Multiple choice question. When exports exceed imports When an economy exports services only When imports exceed exports When there is a positive trade balance

Q:

When does a trade deficit occur? Multiple choice question. When exports exceed imports When an economy exports services only When imports exceed exports When there is a positive trade balance

Q:

Assume that GDP = $8,100, consumption = $5,400, investment = $1,200, and government purchases = $1,600. Which of the following is true? Multiple Choice O imports exceed exports by $100 O exports...

Q:

Assume that GDP = $8,100, consumption = $5,400, investment = $1,200, and government purchases = $1,600. Which of the following is true? Multiple Choice O imports exceed exports by $100 O exports...

Q:

a . When does a trade deficit occur? multiple choice 1 Credits to the financial account exceed the debits. The balance of payments is negative. Debits to the current account exceed the credits....

Q:

X Question 1 0 points A which of the following would not be counted in the us. balance of payments current account? 0 A. A wealthy Italian purchases numerous rosebus hes in the United States for his...

Q:

Please answer the questions below A __________________________ policy will cause a greater share of income to be collected from those with high incomes than from those with lower incomes. Question 1...

Q:

Explain how exchange rates are determined under the fixed exchange rate system. Then, thoroughly discuss the advantages and disadvantages of the fixed exchange rate system. Explain how exchange rates...

Q:

Content X G Which one of these factors of the X Homework Help - Q&A from Onl x G If you know about the GDP, how x G Which one of the following optic X + V X C...

Q:

1. In a command economy, the either makes most economic decisions itself or at least strongly inuences how the decisions are made. A. government B. market C. rm D. business sector 2. In a , most...

Q:

Select two companies Coca-Cola company and Pepsi co, Inc and use the recent three years data from an annual report (10Kform). Compute Return of Equity (ROE) for the years reported for each company....

Q:

The criminal justice budgetary allocations have remained relatively static over the years. Your task is to reallocate the budgetary allocations of police, courts, and corrections, to facilitate a...

Q:

i have issues with one part of my assingment and here are the instuctions: Using the definition of Boundary Analysis from here, write the minimal set of Test Cases using Boundary Analysis to test the...

Q:

6 Problem 3. (6 points) An investor has paid $1,000,000 for a machine that is estimated to have a 70% probability of successfully producing 5,000 product units per year for each of the next three...

Q:

Refer to Exercise 10-7 for data. At the end of Year 2, the manager of the Camping Division is concerned about the divisions performance. As a result, he is considering the opportunity to invest in...

Q:

A multinational corporation has a number of divisions, two of which are the North American Division and the South American Division. Data on the two divisions are as follows: Round all rates of...

Q:

The following selected data pertain to the Argent Division for last year: Required: 1. How much is the residual income? 2. How much is the return on investment? (Rounded to four significant...