A favorable balance of payments means that
A. exports exceed imports.
B. imports exceed exports.
C. payments exceed trade.
D. exports and other payments exceed imports and other receipts.
E. total receipts exceed total payments.
Answer: E
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The process of actively decoding and interpreting verbal messages, which requires full attention and processing, is known as active
A. empathizing. B. comprehension. C. listening. D. hearing. E. evaluation.
Unrelated businesses
A. will always have several key suppliers in common. B. employ production methods that create economies of scale. C. have dissimilar value chains and resource requirements with no competitively important cross-business commonalities at the value chain level. D. perform better than just the sum of the individual businesses. E. sell products from the different businesses to much the same types of buyers and retail outlets.
________ are situations that excuse a WTO member state from complying with its GATT obligations when those are in conflict with its essential security interests or its duties under the United Nations Charter
A. Harmonized Systems B. General exceptions C. Safeguards D. Security exceptions
The price of one currency stated in terms of another currency is called a(n):
A. Currency transaction. B. Historical exchange rate. C. International conversion rate. D. Foreign exchange rate. E. Currency rate.