Question

If there is a surplus in a country's international trade, then a. macroeconomic equilibrium does not...

If there is a surplus in a country's international trade, then

a. macroeconomic equilibrium does not exist.
b. the value of net exports is negative.
c. net exports exceed transfer payments.
d. the value of net exports is zero.
e. the value of net exports is positive.
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Answer #1

e. the value of net exports is positive.

(Surplus means country exports more than it imports. Thus, net exports = exports - imports > 0)

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