Which of the following statements is true of trade surplus? A) ...

[Awilson837]

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

[bigcheese9]

Answer to Question 1

D

Answer to Question 2

A

[Awilson837]

Thanks for the timely response, appreciate it

[yeungji]

YES! Correct, THANKS for helping me on my review