Which of the Following Would Result in a Trade Surplus

question 187

Multiple Choice

Which of the following would result in a trade surplus for Canada?

• A)Exports of goods = $450 billion Imports of goods = $400 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• B)Exports of goods = $450 billion Imports of goods = $450 billion
• Exports of services = $200 billion
• Imports of services = $250 billion
• C)Exports of goods = $450 billion Imports of goods = $460 billion
• Exports of services = $200 billion
• Imports of services = $100 billion
• D)Exports of goods = $450 billion Imports of goods = $490 billion
• Exports of services = $200 billion
• Imports of services = $100 billion

Distinguish between internal and external users of financial statements and their respective interests.

Grasp the importance of evaluating a company’s past, current, and future performance as well as financial risk.

Understand various tools and methods for financial statement analysis including horizontal and vertical analysis.

Comprehend the significance of using standards and guidelines for financial comparison.

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Definitions:

Utility

A term in economics referring to the total satisfaction received from consuming a good or service.

Marketing

The process or activity of promoting, selling, and distributing a product or service, including market research and advertising.

Notion

An idea, belief, or opinion.

Course

A series of lessons or lectures on a particular subject, typically part of a larger educational curriculum.