When the total value of exports is higher than the total value of imports, a country experiences a

Question

BlackTom AI · Accepted Answer

Question restatement: When the total value of exports is higher than the total value of imports, a country experiences a

Option 1: trade surplus. This option describes the scenario accurately: when exports exceed imports, a country runs a trade surplus, meaning it earns more from selling goods and services abroad than it spends on foreign goods. The concept is tied to the balance of trade and reflects a positive net export position.

Option 2: countertrade. Countertrade refers to a trade arrangement where goods or services are paid for, in whole or in part, with other goods or services rather than money. This has nothing to do with the simple monetary difference between exports and imports, so it does not describe the situation in question.

Option 3: trade deficit. A trade deficit occurs when imports exceed exports, i.e., the country buys more from abroad than it sells to foreign markets. This is the opposite of the described scenario, so this option is incorrect for the given condition.

Option 4: trade exchange. ‘Trade exchange’ is a general or colloquial term that does not specifically capture the balance between exports and imports. It does not denote whether a country has a surplus or a deficit, so it does not correctly describe the situation described in the question.

In summary, option 1 aligns with the standard definition of a trade surplus, where higher export values relative to import values indicate a positive net export position. The other options describe different concepts or mischaracterize the relationship between exports and imports, hence they do not fit the stated condition.

When the total value of exports is higher than the total value of imports, a country experiences a单项选择题

类似问题

The balance of trade is the

The balance of trade is the

The difference between the monetary value of a nation's exports and imports is called its:

When a government limits its country’s imports and encourages exports, its helps to create which of the following?

If exports are greater than imports, the country is said to have a:

The balance of trade that Canada has experienced has been...

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单