Which of the following statements about international trade is true? Answers: A. On a global scale imports must equal exports. B. Typically, countries with a large GDP experience a trade surplus. C. With trade, world consumption possibilities decrease. D. On a global scale, exports are greater than imports.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Which of the following statements about international trade is true?

   

Answers:

A. 

On a global scale imports must equal exports.

 

B. 

Typically, countries with a large GDP experience a trade surplus.

 

C. 

With trade, world consumption possibilities decrease.

 

D. 

On a global scale, exports are greater than imports.

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