A country's trade is balanced when
A) its imports exceeds its exports.
B) its government expenditures are equal to its tax revenues.
C) its net exports equal to zero.
D) its net exports are greater than zero.
Correct Answer:
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Q1: A country has a trade surplus when
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Q2: If Mexico has a exports of 40
Q4: When a nation's exports exceed its imports,
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Q6: In the mid-1970s, the United States switched
Q7: When a nation's net exports are equal
Q8: If a country has a trade surplus
Q9: If a country has a trade deficit
Q10: A country has a trade deficit when
A)
Q11: When a nation's exports are less than
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