An Unfavorable Balance of Trade Occurs When

question 95

Multiple Choice

An unfavorable balance of trade occurs when

• A) exports are greater than imports.
• B) imports are greater than exports.
• C) the total outflow of money is greater than the total inflow of money.
• D) the total outflow of money is less than the total inflow of money.
• E) exports equal imports.

Differentiate between key international economic institutions like the World Bank and their roles in supporting DVCs.

Grasp the magnitude and determinants of foreign aid provided by the industrially advanced countries (IACs) to DVCs.

Recognize the influence of economic growth policies on DVCs and the structure of their economies.

Understand the concept and implications of per capita income disparities among countries, including factors influencing these disparities.

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Definitions:

Density

The mass per unit volume of a substance, indicating how compact the substance is.

Glass

A hard, brittle substance, commonly transparent or translucent, made by fusing sand with soda, lime, and sometimes other ingredients and cooling rapidly.

Volume

The quantity of three-dimensional space enclosed by a closed surface or the space that a substance (solid, liquid, gas, or plasma) occupies.