If a Country Is Exporting More Goods and Services Than

question 91

Multiple Choice

If a country is exporting more goods and services than it is importing, we should consider this to be ʺbeneficialʺ
Only in the sense that it

• A) allows a country to add to its foreign-exchange reserves above the level needed to cope with fluctuations in private payments.
• B) represents an accumulation of assets for the domestic economy that can be used in the future to finance consumption.
• C) increases the standard of living through a larger national income.
• D) is a necessary condition to enable a country to take full advantage of scale economies.
• E) means that an economy is earning more than it is spending.

---

Definitions:

Compound A

A placeholder name used to refer to a specific but unidentified chemical substance in scientific discussions.

Chemical Formula

A representation of a substance using symbols for its constituent elements and numerical values indicating the number of atoms of each element.

Stereochemical

Pertaining to the spatial arrangement of atoms in molecules and the effect of this arrangement on the chemical and physical properties of substances.

Major Organic

Refers to the primary or most significant organic molecule or compound resulting from an organic synthesis or reaction.