A Favourable Balance of Trade Occurs When the Value Of

question 109

Multiple Choice

A favourable balance of trade occurs when the value of:

• A)imports equals the value of exports.
• B)the dollar is greater than the value of the euro.
• C)cash inflows equal the value of the cash outflows.
• D)imports is less than the value of exports.

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Definitions:

Pancreas

A glandular organ in the digestive system that produces enzymes to digest food and hormones such as insulin to regulate blood sugar.

Adrenal Cortex

A layer of the adrenal gland responsible for producing steroid hormones, including cortisol and aldosterone.

Adrenal Medulla

The inner part of the adrenal gland that secretes adrenaline and noradrenaline, hormones that help the body respond to stress.

Thyroid Gland

An endocrine gland in the neck that produces hormones regulating metabolism and growth.