The ____ is the difference in value between a nation's exports and its imports.
A. net trade value
B. export/import ratio
C. gross domestic product
D. balance of payments
E. balance of trade
Answer: E
You might also like to view...
A company's balances in both preferred stock and additional paid–in capital are reported in the:
a. income statement. b. stockholders' equity section of the balance sheet. c. liabilities section of the balance sheet. d. asset section of the balance sheet.
The supplies account has a balance of $1,000 on January 1. During January, the company purchased $25,000 of supplies on account and the liability was appropriately recorded. A count of supplies at the end of January indicates a balance of $3,000. Which one of the following is a correct amount to be reported on the company's financial statements for the month ending January 31?
A) Supplies expense - $23,000 B) Supplies on hand - $1,000 C) Accounts payable - $28,000 D) Supplies expense - $26,000
What is the period of copyright protection provided for individuals under the Copyright Term Extension Act of 1998?
A. Individuals are granted 20 years of copyright protection, after which it has to be renewed for a fee. B. Individuals are granted copyright protection for their lifetime plus 70 years. C. Individuals are granted 95 years copyright protection from the year of first publication of the work. D. Individuals are granted 120 years copyright protection from the year of creation of the work.
Suppose that the production manager procures an additional 10 labor hours. What impact will this have on the current optimal objective function value?
A) an increase of $50 B) an increase of $5 C) no change D) an increase of $35 E) a decrease of $165