A country that has a trade surplus:
A. imports more than it exports.
B. sells more goods abroad than it buys from abroad.
C. has a negative trade balance.
D. buys more goods at home that it buys abroad.
Answer: B
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How would you interpret (1) an upward sloping curve and (2) a zero slope curve in a two variable diagram?
What will be an ideal response?
A tax that that takes the same percentage of a taxpayer's income regardless no matter what their total income is called a _____
a. proportional tax b. progressive tax c. head tax d. regressive tax
An automatic increase in a wage rate found in some contracts is known as a
A) change of labor agreement. B) cost of labor arrangement. C) cost of living adjustment. D) charge for living amendment.
At an output of zero, total cost = ________________.
Fill in the blank(s) with the appropriate word(s).