Afm 131 final Guías de estudio, Notas de estudios & Resúmenes
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![AFM 131 Final Exam Questions & Answers 2023/2024](/docpics/3432623/65029db166f3a_3432623_121_171.jpeg)
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AFM 131 Final Exam Questions & Answers 2023/2024
- Examen • 30 páginas • 2023
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AFM 131 Final Exam Questions & Answers 2023/2024 
 
 
Free trade - ANSWER-moving goods/services between countries without political or economic obstruction 
 
Exporting - ANSWER-selling products to another country 
 
Importing - ANSWER-buying products from another country 
 
Balance of trade - ANSWER-relationship between exports & imports 
 
Trade surplus - ANSWER-favourable balance of trade (exports > imports) 
 
Trade deficit - ANSWER-unfavourable balance of trade (imports > exports) 
 
...
![AFM 131 final exam questions & answers 2023/2024](/docpics/3436863/6503441f3d85f_3436863_121_171.jpeg)
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AFM 131 final exam questions & answers 2023/2024
- Examen • 4 páginas • 2023
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AFM 131 final exam questions & answers 2023/2024 
 
 
Country A is an extremely efficient producer of tin. However, its climate and terrain makes it difficult to produce corn. According to the theory of comparative advantage, Country A should: 
 
A. produce both tin and corn in order to remain self-sufficient. 
B. watch the global market to see which product brings the highest price. 
C. import the resources needed to produce corn. 
D. concentrate its production on tin and buy corn. - ANSWER-D. ...
![AFM 131 final exam 2023](/docpics/3245837/64da2c2996250_3245837_121_171.jpeg)
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AFM 131 final exam 2023
- Examen • 4 páginas • 2023
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AFM 131 final exam 2023...
![AFM 131 Final Exam 2023 with 100% correct answers to pass!](/docpics/63f7b28fb7368_2404042.jpg)
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AFM 131 Final Exam 2023 with 100% correct answers to pass!
- Examen • 30 páginas • 2023
-
Disponible en paquete
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- $10.99
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Free trade 
moving goods/services between countries without political or economic obstruction 
 
 
 
Exporting 
selling products to another country 
 
 
 
Importing 
buying products from another country 
 
 
 
Balance of trade 
relationship between exports & imports 
 
 
 
Trade surplus 
favourable balance of trade (exports > imports) 
 
 
 
Trade deficit 
unfavourable balance of trade (imports > exports) 
 
 
 
Balance of payments 
difference between money coming into a country (from expo...
![AFM 131 Final Exam Solved Correctly Graded A.](/docpics/4039494/657e3991efe81_4039494_121_171.jpeg)
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AFM 131 Final Exam Solved Correctly Graded A.
- Examen • 30 páginas • 2023
-
- $13.49
- + aprende más y mejor
Free trade - Answer moving goods/services between countries without political or economic obstruction 
 
Exporting - Answer selling products to another country 
 
Importing - Answer buying products from another country 
 
Balance of trade - Answer relationship between exports & imports 
 
Trade surplus - Answer favourable balance of trade (exports > imports) 
 
Trade deficit - Answer unfavourable balance of trade (imports > exports) 
 
Balance of payments - Answer difference ...
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