The Difference Between a Country's Balance of Payments on Goods

question 89

Multiple Choice

The difference between a country's balance of payments on goods and services and the merchandise trade balance is that:

• A) the merchandise trade balance does not include exports and imports of services.
• B) the balance of payments does not include exports and imports of services.
• C) the merchandise trade balance does not include imports of goods and services.
• D) the balance of payments does not include imports of goods and services.

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Definitions:

Organizational Size

A measure of a company based on factors such as the number of employees, total sales, or market capitalization.

Spans Of Control

Refers to the number of subordinates directly supervised by a manager, affecting the complexity and effectiveness of management.

One Best Way

The belief that there is a single most effective method for performing a task or solving a problem.

Organize

To arrange or systematize elements into a structured whole or system.