Which of the Following Statements Most AccuratELY Describes the Global

question 127

Multiple Choice

Which of the following statements most accuratELY describes the global perspective on world trade?

• A)Exports are of significantly greater importance than imports.
• B)Imports are of significantly greater importance than exports.
• C)Imports and exports should be complementary economic flows: a country's imports affect its exports and exports affect its imports.
• D)Exports and imports should always be kept in a state of equilibrium.
• E)Imports and exports should be controlled through extensive use of international tariffs,quotas,and other and trade regulations.

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Definitions:

Administrative Agency

A government body responsible for the oversight and implementation of specific regulations and statutes within its area of authority.

Substantial Evidence Test

A legal principle that a decision must be supported by sufficient evidence that a reasonable person could accept as adequate to support a conclusion.

Proof Beyond A Reasonable Doubt

The highest standard of proof required in criminal trials, ensuring that there is no reasonable alternative to the conclusion that the defendant is guilty.

Rational Basis

A standard of judicial review that requires laws or actions to be reasonably related to a legitimate governmental interest.