The Largest Factor in a Country's Balance of Payments Is

question 30

Multiple Choice

The largest factor in a country's balance of payments is its _____.

• A)defense budget
• B)welfare bill
• C)import-export balance
• D)credit-card debt

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Definitions:

Compatible Interests

Interests or hobbies that align well between individuals or groups, facilitating cooperation or shared enjoyment.

Ecotourism

A form of sustainable travel to natural areas that conserves the environment and improves the well-being of local people.

Socioeconomic Involvement

Engagement or participation of individuals or organizations in activities aimed at improving social and economic conditions within a community.

Conservation

Efforts and initiatives focused on protecting the natural environment, preserving biological diversity, and sustaining natural resources for future generations.