Georgia Assessments for the Certification of Educators GACE Practice Test

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If a country is a net exporter, what does this mean?

It exports consumer products
It has high tariffs
The value of the goods that it exports exceeds the value of the goods that it imports
The value of the goods that it imports exceeds the value of the goods that it exports

The correct answer is: It has high tariffs

A net exporter refers to a country that sells more goods and services to other countries than it purchases from them. This means that the value of its exports exceeds the value of its imports. This situation often leads to a trade surplus, which can be beneficial for the economy, as it indicates that there is a demand for the country's products in the global market. The option about high tariffs is not directly related to being a net exporter. While tariffs could influence trade patterns, they do not determine whether a country is a net exporter. Instead, the defining characteristic of a net exporter is the balance between exports and imports, with exports being greater.