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Tags
#cfa #cfa-level-1 #economics #economics-in-a-global-context #reading-20-international-trade-and-capital-flows #study-session-6
Question
If the value of exports in a country is greater (less) than the value of imports, then there is a [...] .
Answer
trade surplus (deficit)

Tags
#cfa #cfa-level-1 #economics #economics-in-a-global-context #reading-20-international-trade-and-capital-flows #study-session-6
Question
If the value of exports in a country is greater (less) than the value of imports, then there is a [...] .
Answer
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Tags
#cfa #cfa-level-1 #economics #economics-in-a-global-context #reading-20-international-trade-and-capital-flows #study-session-6
Question
If the value of exports in a country is greater (less) than the value of imports, then there is a [...] .
Answer
trade surplus (deficit)
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If the value of exports equals the value of imports, then trade is balanced. If the value of exports is greater (less) than the value of imports, then there is a trade surplus (deficit) .

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