A Favourable Balance of Trade Occurs When the Value Of

question 36

Multiple Choice

A favourable balance of trade occurs when the value of:

• A)imports equals the value of exports.
• B)cash inflows equal the value of the cash outflows.
• C)imports is less than the value of exports.
• D)the dollar is greater than the value of the euro.

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Definitions:

Self-Serving Bias

A cognitive bias that involves individuals attributing their successes to internal or personal factors and their failures to external or situational factors.

Johari Window

A model used to improve understanding between individuals within a group, which describes four quadrants of self-awareness: open, hidden, blind, and unknown.

Feedback from Others

Information or opinions about one's performance or behaviors provided by colleagues, supervisors, or other individuals.

Blind Area

Part of the Johari Window model, it represents information that others know about a person but the person is unaware of.