A trade deficit means that?

A trade deficit means that?

A. the balance of trade is favourable B. exports are less than imports C. imports are less than export D. exports are decreasing E. the balance of payments is unfavourable Correct Answer: Option B – exports are less than...

A merchant wholesaler is one who?

A. takes title to the goods he sells B. does not own the goods he sells C. earns a commission for serving as an agent D. sometimes makes retail sales E. engages in merchandising Correct Answer: Option A – takes title to the goods he...

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