Examlex

Solved

In Which of the Following Cases Will Centralization of Decision

question 40

Multiple Choice

In which of the following cases will centralization of decision making be appropriate?


Definitions:

Exports

Goods or services sold by one country to purchasers in another country.

Imports

Goods or services brought into a country from abroad for sale, which can impact a nation's balance of trade.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, resulting in a negative balance of trade.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.

Related Questions