If There Is a Favourable Balance of Payments, It Means

question 170

Multiple Choice

If there is a favourable balance of payments, it means that

• A) a country exports manufactured goods and imports raw materials.
• B) a country imports more than it exports for each country with which it trades.
• C) a country exports more than it imports for each country with which it trades.
• D) the country has more money flowing into it than out as a result of trade and other transactions.
• E) a country exports raw materials and imports manufactured goods.

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Definitions:

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The degree of personal relevance and interest that a consumer perceives in a buying situation, influencing their decision-making process.

Product Involvement

The degree of interest and importance that consumers attach to a product, affecting their purchasing decisions.

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