Which of the Following Statements Accurately Describes the Global Perspective

question 53

Multiple Choice

Which of the following statements accurately describes the global perspective on world trade?

• A)Exports are of significantly greater importance than imports.
• B)Imports are of significantly greater importance than exports.
• C)Imports and exports should be complementary economic flows; imports affecting exports, and exports affecting imports.
• D)The balance of exports and imports should always be kept in a state of equilibrium.

---

Definitions:

Hourly Rate

The amount of money paid or charged for one hour of labor or service.

Compounded Semi-annually

The process of calculating interest on the principal balance and previously earned interest every six months.

GIC

A finance option available in Canada, the Guaranteed Investment Certificate provides investors with a secured rate of return over an established time period.

Equivalent Value

The monetary value considered to be equal in worth to a specified amount under different conditions or in a different context.