When a country exports more goods and services than it imports, this is called Multiple Choice a balance of trade deficit. a balance of trade surplus. a positive terms of trade. a negative terms of trade.
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- Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?A country has a trade surplus when Group of answer choices its exports exceed its imports. its government spending exceeds its tax revenues. its exports equal its imports. its exports are less than its imports.If the United States imports more than it exports, it will have a: trade surplus, trade deficit, import balance, trade balance
- = A nation has a favorable balance of trade when Listen it has a surplus in its balance of payments. it has a deficit in its balance of payments. the value of its imports is greater than the value of its exports. merchandise exports exceed merchandise imports. it has high tariffs. KWhat is a trade deficit? a) When a country exports more goods than it imports b) When a country's imports and exports are balanced c) When a country imports more goods than it exports d) When a country has no international tradeWhen looking only at the import and export of services, the U.S. a. has a trade deficit b. has a trade surplus c. exports virtually no services d. has a balanced trade in services
- If a country has a trade deficit, what will occur?Choose one answer. Imports will exceed exports. Exports will exceed imports. Imports and exports will be equal. d. Currency will be devaluedWhat happens when a country's economy has a larger participation in foreign trade? It has an underlying trade imbalance. O It has a substantial trade imbalance. O It is more likely to suffer a larger trade imbalance. O It may measure its exports as a share of GDP.If a country imports more than it exports, it has a trade deficit. True or false
- The balance of trade show a deficit of $5000 and the value of imports are $9000what is the value of exportState true/False Difference between value of exports and imports of goods and services is called trade balance.Question: What is the term for a situation where a country exports more goods and services than it imports? A) Trade deficit B) Current account surplus C) Budget deficit D) Fiscal surplus