A Favorable Balance of Trade Occurs When the Value Of

question 148

Multiple Choice

A favorable balance of trade occurs when the value of:

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

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Definitions:

Imitation

The action of using someone else's behavior, effort, or style as a model.

Dream Catchers

A handmade object based on a Native American tradition, consisting of a woven net or web designed to protect individuals from bad dreams by catching them as they sleep.

A Habit

A routine behavior that is repeated regularly and tends to occur subconsciously.

Recognition

The cognitive process of identifying a previously encountered entity, such as an object, place, or person.