The condition that results when the value of a nations exports is greater than

The condition that results when the value of a

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23) The condition that results when the value of a nation's exports is greater than the value of its imports is called ________.A) a trade deficitB) a trade surplusC) mercantilismD) dumping24) The condition that results when the value of a country's imports is greater than the value of its exports is called ________.25) Which of the following is a political motive behind a government's intervention in trade?26) Which of the following is true of government interventions in a country's trade practices?4
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27) Which of the following industries is typically protected for national security reasons?A) agricultureB) textileC) automobileD) housing28) Which of the following do products designated as dual use require before exports can take place?29) Which of the following is an example of a dual use product?30) ________ refers to the unwanted cultural influence in a nation that can cause great distress and lead governments to block imports it believes to be harmful.31) Which of the following statements is true of local content requirements?A) It is a strategy mainly used by developed nations.B) This strategy enforces companies to locate their manufacturing facilities in their home countries.C) Local content requirements hurt domestic producers through their effect on prices.D) It forces companies from other countries to employ local resources in their production processes.
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