Inventory Is a Resource Needed to Transform __________ into __________

question 68

Multiple Choice

Inventory is a resource needed to transform __________ into __________.

• A)products; services
• B)outputs; inputs
• C)inputs; outputs
• D)goods; products

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Definitions:

Trade Deficit

A measure of international trade in which a country's imports exceed its exports.

Net Exports

A country's economic output's net impact from international trade, calculated as the difference between its total exports and total imports.

Net Exports

The value of a country's total exports minus its total imports, indicating whether a country is in a trade surplus or deficit.

Imports

Goods and services brought into a country from abroad for sale.