Cissen and Napor are two neighboring countries that actively trade goods and services with each other. Under the gold standard, there will be a net flow of gold from Napor to Cissen when

Multiple Choice

• Cissen is in trade deficit with Napor.

• Napor is in balance-of-trade equilibrium with Cissen.

• Cissen is in trade surplus with Napor.

• Cissen imports more than it exports to Napor.

• Napor balance of payment to Cissen is favorable.