Which of the Following Would Contribute to a Positive Trade

question 142

Multiple Choice

Which of the following would contribute to a positive trade balance for a country?

• A) having tourists visit the country
• B) importing textiles
• C) having foreign residents buy the government bonds of the country
• D) importing financial services

Grasp the principles of ethics and civility in personal and professional environments.

Identify strategies for maintaining motivation and positive attitude in challenging situations.

Understand the role of physiological needs in academic performance as per Maslow's Hierarchy.

Comprehend the importance of empathy in developing integrity and improving interpersonal relationships.

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Definitions:

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price level in a specified time period.

Price-elasticity of Demand Coefficient

measures how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.

Absolute Value

A number's distance from zero on a number line, without considering its direction; essentially, it is the non-negative value of a number.

Midpoint Formula

A method used in economics to calculate the elasticity of a variable, such as demand, by averaging the initial and final values.