If a Country Has Business Opportunities That Are Relatively Attractive

question 9

Multiple Choice

If a country has business opportunities that are relatively attractive to other countries,we would expect it to have

• A)both positive net exports and positive net capital outflow.
• B)both negative net exports and negative net capital outflow.
• C)positive net exports and negative net capital outflow.
• D)negative net exports and positive net capital outflow.

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Definitions:

Equivalent Units

A concept used in process costing to standardize units of production, making it easier to assign costs in mixed production environments.

FIFO Method

An inventory valuation method that assumes items purchased or produced first are sold first, standing for "First-In, First-Out".

Equivalent Units

A term used in cost accounting to denote a conversion of partially completed goods to an equivalent number of fully completed units.

Process Costing

A costing method used when identical or similar items are mass-produced, allocating costs based on the process or departments through which the products pass.