Based on Export Ratios, Which of the Following Countries Is

question 118

Multiple Choice

Based on export ratios, which of the following countries is closest to being a closed economy?

• A) Belgium.
• B) China.
• C) Saudi Arabia.
• D) Myanmar.

---

Definitions:

Tangible Assets

Physical assets that have a form, such as machinery, buildings, and inventory, which can be touched or seen.

Accounting Period

A period of time, such as a month, quarter, or year, over which financial statements are prepared to understand a business's financial position and performance.

Inadequacy

The state of being insufficient or not suitable for a specific purpose or requirements.

Useful Life

The estimated time period that an asset is expected to be usable for its intended purpose, affecting depreciation calculations.