One Economic Advantage of a Large Share of Exports in GDP

question 45

Multiple Choice

One economic advantage of a large share of exports in GDP is that countries

• A)can reduce their budget deficits.
• B)can purchase the imports they need.
• C)can maintain lower rates of unemployment.
• D)will have greater equality in their incomes.
• E)develop more labor-intensive industry.

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Definitions:

Existing Customers

Individuals or entities that have previously made purchases from a business and may continue to do so.

Energizer Bunny

A marketing mascot for Energizer batteries, symbolizing longevity and perseverance, known for "going and going".

Brand Name

The name given to a product or service by the company that owns it, used as an identification and marketing tool.

Diversification

A strategy to reduce risk by investing in a variety of assets or undertaking different types of business activities.