Which of the Following Statements Accurately Describes the Global Perspective

question 44

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: a country's imports affect its exports and exports affect its imports.
• D) Exports and imports should always be kept in a state of equilibrium.
• E) Imports and exports should be controlled through extensive use of international tariffs, quotas, and other trade regulations.

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Definitions:

Certificate of Deposit

A financial product offered by banks that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period.

Time Deposit

A bank deposit with a fixed term or maturity date, often yielding higher interest rates than savings accounts.

Commercial Bank

A financial institution that offers a range of banking services to individuals and businesses, including deposits, lending, and other financial products.

Financial System

Process by which money flows from savers to users.