ECO100 Knowledge Check 8 Latest 2018

Question Question 1 Which term describes circumstances where a country's exports exceed its imports? A. trade deficit B. trade imbalance C. trade surplus D. trade balance Question 2 What is the name for goods and services produced in one country that are then sold in other countries? A. exports B. tradeable items C. surplus items D. economic stimulants Question 3 If exports and imports: A. are imbalanced, then a trade surplus exists. B. are imbalanced, then a trade deficit exits. C. are equal,...

Question Question 1 Which term describes circumstances where a country's exports exceed its imports? A. trade deficit B. trade imbalance C. trade surplus D. trade balance Question 2 What is the name for goods and services produced in one country that are then sold in other countries? A. exports B. tradeable items C. surplus items D. economic stimulants Question 3 If exports and imports: A. are imbalanced, then a trade surplus exists. B. are imbalanced, then a trade deficit exits. C. are equal,...

Question Question 1 Which term describes circumstances where a country's exports exceed its imports? A. trade deficit B. trade imbalance C. trade surplus D. trade balance Question 2 What is the name for goods and services produced in one country that are then sold in other countries? A. exports B. tradeable items C. surplus items D. economic stimulants Question 3 If exports and imports: A. are imbalanced, then a trade surplus exists. B. are imbalanced, then a trade deficit exits. C. are equal,...