One of the Biggest Advantages the United States Has in Importing

question 91

Multiple Choice

One of the biggest advantages the United States has in importing is that U.S.companies can:

• A)order unlimited amounts of goods.
• B)always sell what they order abroad.
• C)be assured that the government will support their trade efforts.
• D)pay in U.S.dollars--a currency accepted everywhere.
• E)always turn a profit with the goods they buy because of market demand.

---

Definitions:

Owner's Equity

The residual interest in the assets of an enterprise after deducting its liabilities.

Assets

Resources owned or controlled by a company that are expected to provide economic benefits or value in the future.

Expenses

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.

Assets

Resources owned or controlled by a company with expected future economic benefit.