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In 2007, Franceʹs Exports Totaled $490 Billion and Its Imports

question 194

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In 2007, Franceʹs exports totaled $490 billion and its imports totaled $529 billion.As a result ,the
i. rest of the world supplies funds to France.
ii. quantity of loanable funds in France is less than the supply.
iii. Ricardo-Barro effect occurs in France.


Definitions:

Lean Manufacturing

A systematic method for waste minimization within a manufacturing system without sacrificing productivity, aiming to produce more value for customers with fewer resources.

High Quality

A characteristic of products or services that meet or exceed customer expectations or industry standards.

Low Cost

A strategy or pricing model that focuses on maintaining expenses as minimal as possible while still achieving the desired level of quality or service.

Instant Availability

The immediate accessibility of resources or services, often used in context with banking and funding.

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