Which of the Following Is Correct

question 117

Multiple Choice

Which of the following is correct?

• A) Both exports and imports include goods and neither includes services.
• B) Both imports and exports include goods and services.
• C) Imports includes only goods but exports includes both goods and services.
• D) Imports includes both goods and services but exports includes only goods.

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Definitions:

Income Allocated

Allocation of income refers to the distribution of earnings among various accounts or entities, often for tax, investment, or accounting purposes.

Liquidation

The process of dissolving a company by selling off its assets to pay off liabilities; any remaining assets are then distributed to shareholders.