Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

27. If the value of a country's exports is greater than the value of its imports, it is: A) running a trade surplus. B)


image

27. If the value of a country's exports is greater than the value of its imports, it is: A) running a trade surplus. B) running a trade deficit. C) in an economic contraction. D) likely to find its investment spending greater than its level of saving.

Step by Step Solution

3.45 Rating (177 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below The correct answer is A running a trade ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Economics

Authors: Robert L Sexton

5th Edition

978-1439040249, 1439040249

More Books

Students also viewed these Economics questions

Question

Why is using APA Style important for effective scholarly writing?

Answered: 1 week ago

Question

Define failure. (p. 273)

Answered: 1 week ago