A trade surplus occurs when:
A) The dollar value of exports exceeds the dollar value of imports.
B) The gains from trade are not fully realized.
C) A country does not have a comparative advantage in any goods.
D) The cost of goods is so high that imports exceed exports.
Correct Answer:
Verified
Q21: Assume a country is initially operating on
Q22: Which of the following explains why world
Q23: In the absence of trade,a country's consumption
Q24: The alternative combinations of goods and services
Q25: Which of the following is true about
Q27: International trade:
A) Raises the prices that consumers
Q28: Which of the following statements about trade
Q29: International trade:
A) Benefits rich countries but not
Q30: Which of the following is not true
Q31: If there are only two countries in
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