• 2022-06-12
    A country with a current account surplus is earning more from its exports than it spends on imports.
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      If a nation has a surplus in its current account, 1. it exports fewer goods than it imports2. it exports more goods than it imports3. the value of its currency should fall4. the value of its currency should rise A: 1 and 3 B: 1 and 4 C: 2 and 3 D: 2 and 4

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      A country has a current account __________ if it is saving more than it is investing domestically. A: surplus B: deficit C: balance D: unbalance

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      •(1) If the country’s imports were more than exports, the country would have a trade surplus.

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      “Trade surplus” is a situation in which the value of goods a country imports is worth more than it exports.

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      A country experiencing a current account surplus: