Which of the Following Is the Name for the Economic

question 12

Multiple Choice

Which of the following is the name for the economic value of all of the products that a country exports minus the economic value of its imports?

• A) Balance of foreign competition
• B) Balance of domestic competition
• C) Balance of trade
• D) Balance of payments
• E) Balance of supply and demand

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Definitions:

Accessibility

The ease with which people can use and access facilities or services, including those with disabilities.

Site Selection

The process of determining the most suitable location for a business or project, considering factors like cost, accessibility, and market potential.

Traffic Flow

The movement of vehicles and pedestrians through an area or on a road, affecting the efficiency and safety of transportation systems.

Distribution System

the network used to deliver goods or services from producers to consumers, including warehouses, transportation, and retailers.