What is a national balance of trade? What does someone mean when he or she says that the balance of trade is favorable? Unfavorable?
What will be an ideal response?
A country's balance of trade is the total value of its exports minus the total value of its imports over a specific time period. If a country's balance of trade is favorable, it means that the country's exports exceed its imports. If it is unfavorable, the country is importing more than it is exporting.
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The standard deviation of the sampling distribution of the mean or proportion is called random error
Indicate whether the statement is true or false
When a manager exercises strong control and motivates her employees through external incentives such as a paycheck, she is exhibiting the ____ management style
a. Theory X b. Theory Y c. Situational leadership d. Total Quality Management
All of the following are reasons why mutual insurance companies convert to stock insurance companies EXCEPT
A) Stock companies can offer stock options to attract and retain key personnel. B) Stock companies can raise new capital more easily. C) Stock companies are exempt from state insurance regulation. D) Stock companies offer greater flexibility to expand through acquisitions.
Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the annuity terminates. Agnes and Mary Clare own a(n)
A) flexible premium annuity. B) joint life annuity. C) longevity annuity. D) joint-and-survivor annuity.