A. Trade Balance
B. Trade deficit
C. Trade surplus
D. None
Related Mcqs:
- The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None - The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?
A. Trade surplus
B. Trade deficit
C. Trade off
D. None - A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?
A. Current account
B. Fixed account
C. Saving account
D. Capital account - The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A. Specialization
B. speculation
C. Fly over
D. Capital flight - In developed countries manufactured goods are about ________________% of total export?
A. 60 %
B. 90 %
C. 57 %
D. 82 % - A market in which money of one nation can be used to purchase the money of other nation is called____________________?
A. Money market
B. International market
C. Foreign exchange market
D. All of these - The rate of exchange of one nation’s currency for another nation’s currency?
A. Exchange rate appreciation
B. Exchange rate depreciation
C. Exchange rate determinant
D. None of these - All goods and services produced in a country in one year are called its__________________?
A. GNP
B. GDP
C. NDP
D. None of these - A household’s or firm’s income in the form of goods or services ?
A. Extra income
B. Income in kind
C. Fixed income
D. None - Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?
A. Consumption economics
B. Consumption function
C. Consumption surplus
D. Consumer demand
