A Favorable Balance of Trade Occurs When the Value Of

question 148

Multiple Choice

A favorable balance of trade occurs when the value of:

• A)imports equal the value of exports.
• B)the cash inflows equal the value of the cash outflows.
• C)the value of imports is less than the value of exports.
• D)the value of the dollar is greater than the value of the Euro.

---

Definitions:

Raw Score

The original, unadjusted score obtained in an assessment or measure before any transformations or standardizations are applied.

Standard Deviation

An index quantifying how much data points deviate or scatter from their average.

Mean

The average of a set of numbers, calculated by adding them together and then dividing by the number of numbers.

Value

The degree of importance, worth, or usefulness of something.