MATCHING
Complete the following using the terms listed.
-_____ refers to the positive difference between a country's exports versus imports.
A)embargo
B)balance of trade
C)joint venture
D)dumping
E)import
F)tariff
G)International Monetary Fund
H)World Trade Organization
I)multinational corporation (MNC)
J)devaluation
K)exchange rate
L)absolute advantage
M)trade surplus
N)quota
O)World Bank
P)balance of payments
Q)comparative advantage

Question

Quizplus · Accepted Answer

A trade surplus refers to the positive difference between a country's exports and imports, meaning the country exports more than it imports.

MATCHING Complete the Following Using the Terms Listed