Question

    Which of the following statements accurately describes

    the global perspective on world trade?
    A Exports are of significantly greater importance than imports. Correct Answer Incorrect Answer
    B Imports are of significantly greater importance than exports. Correct Answer Incorrect Answer
    C Imports and exports should be complementary economic flows; imports affecting exports, and exports affecting imports. Correct Answer Incorrect Answer
    D The balance of exports and imports should always be kept in a state of equilibrium. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A global perspective on world trade views exports and imports as complementary economic flows; a country's imports affect its exports and exports affect its imports.

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