The Difference Between Imports and Exports Is

question 82

Multiple Choice

The difference between imports and exports is:

• A)domestic saving.
• B)the trade balance.
• C)foreign saving.
• D)the budget deficit.
• E)a and b

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Definitions:

Borrowed Money

Funds that have been obtained through loans or debt, which typically incur interest charges and are required to be repaid.

Competitive Strategy

Approaches that a company adopts to gain an edge over its competitors, such as cost leadership, differentiation, or focus strategies.

Foreign Firms

Describes companies that are incorporated or headquartered in a country different from where they operate or do a significant portion of their business.

Canadian Companies

Business entities registered, established, or operating under the laws and regulations of Canada.