A nation has an unfavorable 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
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
Q16: A nation has a favorable 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
Q22: The balance on goods and services is
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