Export / Import,the Exchange of Goods and Services for Other

question 94

True/False

Export / import,the exchange of goods and services for other goods and services,is another way of trading with countries lacking convertible currency.

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Definitions:

Unequal

Lacking equality in size, quantity, or degree; not evenly distributed or balanced.

Lorenz Curve

The Lorenz Curve is a graphical representation of the distribution of income or wealth within a society, indicating the degree of inequality.

Equitable

Fair and impartial treatment, especially in matters of distribution of wealth, opportunities, and privileges within a society.

45-degree Line

A line graphed in economics and finance representing places where two variables measured on the axes are equal in value.