A Favorable Balance of Trade Occurs When

question 120

Multiple Choice

A favorable balance of trade occurs when:

• A) exports equal imports.
• B) the balance of payments balances.
• C) the current and capital account in the BOP are equal.
• D) the value of the exports of goods exceeds the value of the imports of goods.
• E) the value of the exports of goods is less than the value of the imports of goods .

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Definitions:

Grasshoppers

Insects belonging to the suborder Caelifera, known for their powerful hind legs that allow them to leap and their role in various ecosystems as herbivores.

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.

Sinuses

Air-filled spaces located within the bones of the face and skull, connected to the nasal cavities, which help humidify and filter air.

Erythrocyte

A vertebrate red blood cell; contains hemoglobin, which transports oxygen. Compare with leukocyte.