If Taiwan Has a Positive Balance of Trade, This Means

question 35

Short Answer

If Taiwan has a positive balance of trade, this means that
money is flowing into the country to pay for imported goods.
the total amount of exported goods has increased from the previous year.
the total amount of imported goods has decreased from the previous year.
the nation is exporting more than it imports from other nations.
all of these are correct.

Understand the concept of electronic commerce and its forms.

Comprehend the role of internet-based technologies in facilitating communication within organizations and with external partners.

Identify and distinguish between various forms of market competition.

Recognize the impact of technological advancements on industries and market practices.

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Definitions:

Rational Expectations Theory

An economic theory that suggests individuals use all available information and make decisions based on their rational outlook, expectations, and available resources.

Discretionary Policies

Economic policies based on judgment and choices by policymakers rather than set rules, often involving government spending and taxation decisions.

Policy Rules

Prescriptive guidelines or principles designed to guide decisions and achieve rational outcomes within an organization or government.

Monetarists

Economists who argue that the money supply's variations play a crucial role in influencing the national output in the short term and determining the price level over the long term.