This topic contains a solution. Click here to go to the answer

Author Question: The ______________________is the difference between the value of goods and services that a country ... (Read 41 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
The ___________________ ___is the difference between the value of goods and services that a country buys from overseas and the value of goods and services it sells to other countries.
 
  Fill in the blank with correct word

Question 2

The shift toward production of goods and services based on cost considerations, arbitrary specialization, and government and corporate policies is known as ___________________ .
 
  Fill in the blank with correct word



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

trade deficit

Answer to Question 2

competitive advantage





 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

For a complete list of videos, visit our video library