This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements is true of trade surplus? A) It is a negative balance of trade. ... (Read 29 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
Which of the following statements is true of trade surplus?
 
  A) It is a negative balance of trade.
  B) It occurs when there is a net outflow of domestic currency to foreign markets.
  C) It occurs when a nation imports as much as it exports.
  D) It occurs when a nation's exports exceed its imports.

Question 2

The NAFTA is best considered a(n) ________.
 
  A) free trade area
  B) customs union
  C) economic union
  D) political union



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bigcheese9

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

A




Awilson837

  • Member
  • Posts: 509
Reply 2 on: Jul 7, 2018
:D TYSM


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

For a complete list of videos, visit our video library