An Unfavorable Balance of Trade Occurs When the Value Of

question 231

Multiple Choice

An unfavorable balance of trade occurs when the value of:

• A)Imports equal the value of exports.
• B)Imports exceed the value of exports.
• C)Cash inflows are equal to the value of cash outflows.
• D)Exports exceed the value of imports.

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Definitions:

Converting

The act of changing something into a different form or the process of adopting a new belief system or religion.

Phases

Describes distinct stages or periods in a process of development or change.

Collective Conscience

A set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society, according to Emile Durkheim.

Shared Meanings

The common understanding or interpretation of signs, symbols, or behaviors among members of a society or group.