Which Global Perspective on World Trade Views Exports and Imports

question 152

Multiple Choice

Which global perspective on world trade views exports and imports as complementary economic flows?

• A)the balance of trade
• B)quotas
• C)the trade feedback effect
• D)the competitive advantage of nations
• E)tariffs

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Definitions:

Biological Factors

Aspects relating to the biological makeup of individuals that influence their physiology and behavior.

Inventory

Inventory encompasses all the goods, merchandise, and materials held by a business for the purpose of sale or production.

Resale

Resale refers to the process of selling previously owned, used, or surplus merchandise or goods.

Asset

An asset is anything of value or a resource of value that can be owned or controlled to produce positive economic value for an individual or organization.