Multiple Choice
Last year,the nation of Kwansai reported that it had a favourable balance of trade even though it imported $11 billion worth of goods.This indicates that Kwansai:
A) exported $11 billion worth of goods.
B) exported more than $11 billion worth of goods.
C) overpriced the value of its exports.
D) exported less than $11 billion worth of goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: A country has an absolute advantage if
Q11: While China presents an important source of
Q13: Many countries use _ policies as a
Q15: A major concern voiced by Canadian critics
Q16: Which theory states that a nation should
Q17: All of the following are objectives of
Q94: An import quota is a complete ban
Q214: A favourable balance of trade occurs when
Q221: The two basic types of tariffs are<br>A)
Q235: The fee paid to a firm in