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:

Innovative

Pertains to the ability or process of creating new ideas, products, or methods that bring novel solutions to problems or improvements to existing conditions.

Entrepreneurial

Characteristics or actions related to the creation, development, and management of a business venture to achieve profit or social goals.

Organizational Change

The process by which organizations transform their structure, strategies, policies, processes, or culture to adapt to internal and external pressures.

Environmental Changes

Alterations in the surrounding physical, chemical, and biological conditions that can affect ecosystems, organisms, and human societies.