The Condition That Results When the Value of a Country's

question 78

Multiple Choice

The condition that results when the value of a country's imports is greater than the value of its exports is called ________.

• A)a trade deficit
• B)economies of scale
• C)a break-even point
• D)absolute advantage

---

Definitions:

Independence

The state or quality of being self-reliant and autonomous, free from external control or support.

Geographic Proximity

The physical closeness between two or more locations, often affecting social relations, economic transactions, or environmental impacts.

Personality

An individual’s distinctive ways of responding to people and events.

Socialization Influence

The effect of interacting with others and the environment on the development of an individual's social behaviors, norms, and values.