The Merchandise Trade Balance Does Not Include

question 117

Multiple Choice

The merchandise trade balance does not include:

• A)exports of refrigerators.
• B)imports of automobiles.
• C)exports of agricultural products.
• D)shipping and insurance services.
• E)imports of food items with heavy tariffs.

---

Definitions:

Tangible Costs

Costs associated with an identifiable physical item or service, such as raw materials, labor, and manufacturing expenses.

Climatic Conditions

The weather conditions prevailing in an area in general or over a long period, affecting living conditions, agriculture, and industry.

Location Decision

The process of selecting an optimal site for a new facility, taking into account factors like cost, logistics, and market access.

Clustering

The location of competing companies near each other, often because of a critical mass of information, talent, venture capital, or natural resources.