Which of the Following Is Correct with Regard to the Balance

question 247

Multiple Choice

Which of the following is correct with regard to the balance of trade and the balance of payments?

• A) If a country has a favourable balance of trade, it will also have a favourable balance of payments.
• B) The balance of payments is computed by dividing the value of a country's currency by the number of currency transactions that took place in the previous year.
• C) A country that imports more than it exports has a favourable balance of trade.
• D) Countries used to strive to have a favourable balance of trade, but governments no longer worry about that issue because of globalization.
• E) Canada has generally had a favourable balance of trade during the last few decades.

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Definitions:

Athlete's Foot

A fungal infection that usually begins between the toes, often occurring in people whose feet have become very sweaty while confined within tightfitting shoes.

Normal Routine

A regular, habitual pattern or sequence of activities that an individual follows under normal circumstances.

Sweat Glands

Glands in the skin that produce sweat, aiding in temperature regulation and waste excretion.

Outer Skin Layer

The epidermis, which is the most superficial layer of the skin, acting as a barrier to protect underlying tissues and regulate water loss.