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 32 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
Wow, this really help


sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

For a complete list of videos, visit our video library