A country with a ________ has a favorable balance of payments.Multiple Choicebudget deficittrade surpluslow gross domestic product (GDP)high import rate

If domestic saving is less than domestic investment, then a country will have a __________ and __________ net capital inflows.Group of answer choicesbalance on merchandise trade; zerotrade surplus; negativetrade deficit; positivetrade deficit; negative

Which of the following refers to the situation when a country's imports exceed its exports? Question 10Answer a. Trade deficit b. Trade surplus c. Trade advantage d. Balance of payments e. Balance of trade

Multiple Choice QuestionThe sum of all the financial transactions that take place between a country's residents and the residents of foreign nations is called the Blank______.Multiple choice question.balance of tradebudget deficitbalance of paymentstrade deficit

If a country exports a greater value of goods than it imports, it has a(n) _____.A.absolute advantageB.trade surplusC.comparative advantageD.trade deficit

Multiple Choice QuestionWhat is the result when a country's exports exceed its imports?Multiple choice question.A trade deficitA trade surplusA trade equilibriumAn immediate asset transaction