A trade surplus occurs when
A) a country purchases more from abroad than other countries purchase from it.
B) a country sells more abroad than it purchases from abroad.
C) a country's firms open more stores abroad than foreign firms open in the country.
D) foreign firms open more stores in a country than the country opens in foreign countries.
Correct Answer:
Verified
Q41: The majority of spending in the category
Q42: Net exports include goods produced
A) domestically that
Q43: Net investment is
A) what is left over
Q44: If in the third quarter of 2012
Q45: If in the third quarter of 2012
Q47: Social security payments are examples of
A) nondurable
Q48: A nation's net exports consist of
A) its
Q49: Intermediate goods are not counted as part
Q50: For the purposes of GDP accounting, government
Q51: GDP is supposed to measure the goods
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