A ________ occurs when a country's exports exceed its imports. ...

[amal]

A ________ occurs when a country's exports exceed its imports.
 
  A) trade surplus B) budget surplus C) trade deficit D) fiscal deficit

Question 2

Scarcity can best be defined as a situation in which
 
  A) there are no buyers willing to purchase what sellers have produced.
  B) there are not enough goods to satisfy all of the buyers' demand.
  C) there is more than enough money to satisfy consumers' wants.
  D) the resources we use to produce goods and services are limited.

[pocatato]

Answer to Question 1

A

Answer to Question 2

D