China Is One of the Worldʹs Largest Exporters

question 323

Multiple Choice

China is one of the worldʹs largest exporters. As the worldʹs economies slipped into a worldwide recession in 2008, there was a __________Chinaʹs aggregate demand curve as Chinaʹs exports___________

• A) movement upward along; increased
• B) leftward shift of; decreased
• C) rightward shift of; decreased
• D) movement upward along; decreased

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Definitions:

Useful Life

The duration during which an asset is expected to be usable for its intended purpose.

Salvage Value

The projected remaining value of an asset following its operational lifespan, once depreciation or amortization has been taken into account.

Recoverable Ore

The portion of ore that can be economically and technically extracted or produced at a profit.

Depletion

The allocation of the cost of natural resources over their useful life, used in accounting to match the expense of extracting natural resources with the revenue generated from them.