The Portion of the Current Account That Compares Imports with Exports

question 80

Multiple Choice

The portion of the current account that compares imports with exports is called the

• A) import-export equation.
• B) foreign demand component.
• C) net trade calculation.
• D) balance of trade.

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Definitions:

Highly Formalized

A description of organizations or systems where procedures and rules are strictly followed, often with detailed documentation and protocols.

Separate Product

A distinct item or entity that is produced individually or can be easily distinguished from other products in a line or category.

Geographic Divisions

The segmentation of areas or regions on Earth's surface for the purposes of analysis, management, and categorization, often used in geography and related disciplines.

Tall Organization

An organization with relatively many levels in its hierarchy of authority.