Nations encounter a trade surplus when the value of Multiple Choice exports exceeds the value of imports. imports and exports doesn't change. imports exceeds the value of exports. imports and exports is balanced.
Added by Donna B.
Close
Step 1
Step 1: The question asks to define a trade surplus. Show more…
Show all steps
Your feedback will help us improve your experience
Manasvee Singh and 95 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
Manasvee S.
Which one of the following statements is INCORRECT? A.If exports = R100 million and imports = R150 million, a trade surplus of R50 million occurs at an income level of R400 million. B.If exports = R100 million and imports = R100 million, net exports are equal to zero at an income level of R300 million. C.If exports = R100 million and imports = R50 million, a trade surplus of R50 million occurs at an income level of R200 million. D.If exports = R100 million and imports = R150 million, a trade deficit of R50 occurs at an income level of R400 million.
Andrew D.
What does a positive value of (X - M) indicate? Select the two correct answers below. Select all that apply: a trade deficit a trade surplus exports are greater than imports imports are greater than exports
Prabhakar K.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD