Author Question: A state will have a positive balance of trade, or trade surplus, when it __________. A) imports a ... (Read 75 times)

saliriagwu · **on:** Sep 4, 2018

A state will have a positive balance of trade, or trade surplus, when it __________.

A) imports a surplus of consumer goods
B) exports more than it imports
C) imports more than it exports
D) exports progressively more over a fiscal period

Question 2

Which of the following policies would be followed by a protectionist state?

A) Imposing tariffs
B) Dumping
C) Eliminating export duties
D) Disallowing quotas on imports