A Fall in the Price of Imports or a Rise

question 85

Multiple Choice

A fall in the price of imports or a rise in the price of exports will:

• A) Improve the terms of trade
• B) Worsen the terms of trade
• C) Expand the production possibilities curve
• D) Contract the production possibilities curve

Identify the use and functionality of different application software.

Understand the concept and significance of computer specifications.

Differentiate between various digital devices and their uses.

Recognize potential security threats and protections in computing.

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Definitions:

Total Debts

The sum of all financial obligations a company owes to outside parties, including both short-term and long-term liabilities.

Current Liabilities

Short-term financial obligations that a company is required to pay within a year.

Return on Equity

A measure of a company's profitability that calculates how much profit is generated with the money shareholders have invested, reflecting financial performance and efficiency.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.