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Question
The condition that results when the value of a country's imports is greater than the value of its exports is called ________.A) a trade deficit
B) economies of scale
C) a break-even point
D) absolute advantage
Answer
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A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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B) The government considers banking sector as important to national security.
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B) a person's position in society depends upon his educational qualifications and achievements
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A) Strict product liability laws
B) Relaxed trade and investment barriers
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