Question: What is the term for a situation where a country exports more goods and services than itimports? A) Trade deficit B) Current account surplus C) Budget deficit D) Fiscal surplus

Ans. The correct term for a situation where a country exports more goods and services than it…

Answered: Question: What is the term for a…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 22RQ: If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed...

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Similar questions

What determines the size of a countrys trade deficit?
A government official announces a new policy. The country wishes to eliminate its trade deficit, but will strongly encourage financial investment from foreign firms. Explain why such a statement is contradictory.
Using the national savings and Investment identity, explain how each of the following changes (ceteris paribus) will Increase or decrease the trade balance: A lower domestic savings rate The government changes from running a budget surplus to running a budget deficit The rate of domestic Investment surges
In recent decades, has the U.S. trade balance usually been in deficit, surplus, or balanced?
How did large trade deficits hurt the East Asian countries in the mid 1980s? (Recall that trade deficits are equivalent to inflows of financial capital from abroad.)
State whether each of the following events Involves a financial flow to the Mexican economy or a financial flow out of the Mexican economy: Mexico Imports sen4ces from Japan Mexico exports goods to Canada U.S. investors receive a return from past financial investments in Mexico
What is the difference between trade deficits and balance of trade?
Sketch a diagram of how a budget deficit causes a trade deficit. (Hint: Begin with what will happen to the exchange rate when foreigners demand more U.S. government debt.)
What are the major issues with regard to trade imbalances for low- and middle-income countries?
If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
When is a trade deficit likely to work out well for an economy? When is it likely to work out poorly?
Assuming that a country has a trade deficit of $50 billion, which of the following is true: A. The country's exports are $120 billion and its imports are $180 billion B. The country's exports are $100 billion and its exports are $150 billion c. The country's imports are $120 billion and its exports are $180 billion d. The country's exports are $150 billion and its imports are $100

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Question: What is the term for a situation where a country exports more goods and services than it imports? A) Trade deficit B) Current account surplus C) Budget deficit D) Fiscal surplus