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Author Question: Which of the following statements is true of trade surplus? A) It is a negative balance of trade. ... (Read 33 times)

Awilson837

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on: Jul 7, 2018
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


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bigcheese9

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Reply #1 on: Jul 7, 2018
Answer to Question 1

D

Answer to Question 2

A


Awilson837

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Reply 2 on: Jul 7, 2018
YES! Correct, THANKS for helping me on my review

carojassy25

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Reply 3 on: Yesterday
Excellent

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