Multiply and Simplify

question 160

Multiple Choice

Multiply and simplify.

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Definitions:

World Exports

The total value or volume of goods and services sent from one country to be sold or traded in other countries.

Trade Deficits

A situation in which a country's imports of goods and services exceed its exports, leading to a net outflow of domestic currency to foreign markets.

Industrially Advanced

Refers to countries or regions that have highly developed industries, technology, and infrastructure, contributing to a strong economy.

Comparative Advantage

A person's, corporation's, or country's capability to offer a good or service more efficiently, incurring less opportunity cost than their competitors.