Which of the Following Is the Best Explanation of Exports

question 58

Multiple Choice

Which of the following is the best explanation of exports and imports in China and India?

• A)Exports are heavily subsidized through government policy.
• B)Many barriers to imports exist.
• C)Exports and imports are tied together, with exports depending on imported inputs and technology.
• D)Imports are not important to either nation's economy.

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Definitions:

Realizable Value

The estimated amount that an asset can be sold for, less any selling costs, at the end of its useful life.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.

Accounts Receivable Turnover

A financial ratio that measures how effectively a company collects on its credit sales.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.