As a Percentage of GDP, Exports Are Greater Than Imports

question 163

Multiple Choice

As a percentage of GDP, exports are greater than imports for which of the following countries?

• A)the United Kingdom
• B)France
• C)the United States
• D)China

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

M-Form

The Multidivisional Form, a structure within a corporation that segments its operations into semi-autonomous divisions based on product, service, or geographic area.

Division Performs

A phrase that likely refers to how a specific division or department within an organization operates or achieves its objectives, but without further context, this definition is provisional.

Particular Type

A specific or distinct category or form within a broader classification.