Due to the Fact That Most Latin American Nations Are

question 36

Multiple Choice

Due to the fact that most Latin American nations are oil ____, the price increase of oil in the 1970s led to trade ____.

• A) exporters, deficits
• B) exporters, surpluses
• C) importers, deficits
• D) importers, surpluses
• E) producers, surpluses

---

Definitions:

Variable Expense

Costs that vary in relation to a company's operations.

Contribution Margin Ratio

A financial performance metric that measures the additional profit generated for each dollar of sales after variable costs are subtracted.

CVP Graph

A visual representation of the Cost-Volume-Profit analysis, illustrating the relationship between a company's costs, sales volume, and profits.

Total Revenue Line

A graphical representation of a company's total revenues plotted over a period of time, showcasing trends or changes in income generation.