Which of the Following Is Used to Help Maintain a More

question 46

Multiple Choice

Which of the following is used to help maintain a more favorable balance of trade by a country?

• A) Limiting imports
• B) Limiting exports
• C) Establishing exchange controls
• D) Increasing gross domestic product
• E) Changing political systems

---

Definitions:

Inventory

The total amount of goods and materials held by a company for sale in the ordinary course of business.

Contingent Liability

A potential financial obligation that may arise in the future, depending on the outcome of a specific event.

Accrued Liability

An expense that a business has incurred but has not yet paid, which is recognized in the financial statements for the period it relates to.

Loss

The result when a company's expenses exceed its revenues during a specific period, leading to a negative net income.