When the Dollar Value of a Country's Imports of Final

question 122

Multiple Choice

When the dollar value of a country's imports of final products exceeds the dollar value of its exports,the country has a

• A)balance of trade deficit.
• B)balance of payments surplus.
• C)balance of trade surplus.
• D)balance of payments deficit.

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Definitions:

Global Teams

Groups of workers from various geographic locations and often different cultures who collaborate on projects or tasks, facilitated by technology.

Goods And Services

Represents the output of economic activities that can be offered in the market to satisfy a want or need, including tangible products (goods) and intangible offerings (services).

Minimum Level Of Customization

The least amount of modification or adaptation allowed or required to meet specific needs or preferences, typically in a product or service.

Desktop Videoconferencing Systems

These are software applications and hardware setups that enable video meetings and calls via desktop computers, facilitating remote communication.