A Favorable Balance of Trade Exists When a Country

question 69

Multiple Choice

A favorable balance of trade exists when a country

• A) imports more than it exports.
• B) exports more than it imports.
• C) sends out more cash than it takes in.
• D) spends more than it saves.
• E) saves more than it spends.

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Definitions:

Internet Site

A location on the World Wide Web, identified by a specific URL, where information or services are provided.

RFP Process

The Request for Proposal (RFP) Process involves soliciting proposals from potential suppliers or vendors as part of a competitive procurement process.

Vendor Negotiation

The process of discussing, bargaining, and reaching agreements between a buyer and a seller regarding the terms of a purchase.

Buying Center

A group of individuals within an organization who participate in the buying decision process.