No Registration Required

Understanding Trade Surplus and Trade Deficit Quiz

0 completions

0%

(0)

Generated by AI

1. What is a Trade Surplus?

2. What is a Trade Deficit?

3. What does a continuous pattern of trade deficit suggest?

4. Which of the following is NOT a potential consequence of a trade surplus?

5. Which of the following is NOT a potential consequence of a trade deficit?

6. In a situation where Country A has a trade surplus and Country B has a trade deficit, which of the following is likely to occur?

7. Is a trade surplus always beneficial for a country?

8. Is a trade deficit always harmful for a country?

9. What is the term used for the economic measure of a country's trade where the value of goods and services it imports exceeds the value of goods and services it exports?

10. What is the term for when a country exports exactly as much as it imports?