A nation has a favorable balance of trade when _____
A) it has a surplus in its balance of payments.
B) it has a deficit in its balance of payments.
C) the value of its imports is greater than the value of its exports.
D) merchandise exports exceed merchandise imports.
E) it has high tariffs.
Correct Answer:
Verified
Q7: The merchandise trade balance does not include:
A)exports
Q11: The value of a country's exports is
Q12: A more descriptive phrase for the balance-of-payments
Q13: What summarizes the transactions that occur during
Q14: In the balance-of-payments account, the receipts from
Q15: Which account equals the value of merchandise
Q17: A nation has an unfavorable balance of
Q17: The current account reflects:
A)trade in only tangible
Q19: Which of the following is not true
Q20: Which account records current flows of funds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents