If France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.
<h3>
What is trade surplus?</h3>
- When focused simply on trade effects, a trade surplus indicates that a country's goods are in high demand on the global market, which raises the price of those items and leads to a direct strengthening of the home currency.
- When exports surpass imports, the trade balance (surplus) is positive.
- When exports are fewer than imports, the trade balance is negative (deficit).
- When a country exports more goods than it imports, it has a trade surplus.
- For example, if China exported $1 trillion in products while importing only $200 billion in goods, it would have an $800 billion trade surplus.
Therefore, if France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.
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The complete question is given below:
If France had positive net exports last year, then it
A. sold more abroad than it purchased abroad and had a trade surplus.
B. sold more abroad than it purchased abroad and had a trade deficit.
C. bought more abroad than it sold abroad and had a trade surplus.
D. bought more abroad than it sold abroad and had a trade deficit.
Answer:
the correct answer is C
Explanation:
As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?
C) The decision to use automation
Answer:
The answer is A. Mutual mistake
Explanation:
A contract is an agreement ( whether written or verbal ) between two parties that is legally binding.
A mutual mistake occur in a contract when both parties to a contract are mistaken about a material fact. It is a situation where the parties to a contract have identical misconception about a material fact in the contract.
In the explanation given in the contract between Randolf and the Art gallery manager, it is obvious that the art painting that is to be bought and sold was not well clarified by both parties, and the art manager acted based on an invalid assumption.
Hence the correct answer to this question is A. Mutual mistake
I believe the correct answer from the choices listed above is option C. During an OSHA inspection, you <span> have the right to talk to the inspector privately. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
