Trade surplus is
A) the sum of a nation's total exports and total imports.
B) the difference between a nation's total exports and total imports.
C) when a nation exports more than it imports.
D) when a nation imports more than it exports.
E) when a nation no longer feels it has the need for trade partners.
Correct Answer:
Verified
Q2: The following table presents data on imports
Q3: Use the following graph to answer the
Q4: If St.John has a closed economy,it _
Q5: The following table presents data on imports
Q6: An economy that does not trade with
Q8: For country A,an import is a good
Q9: Free trade is _,because it _ the
Q10: An economy that trades with the rest
Q11: In the past decade,companies like Nike and
Q12: Use the following graph to answer the
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