explain the difference between imports and exports.

question 46 options:

there is no difference between imports and exports.

exports are the goods and services a nation produces and sells to other nations; imports are the goods and services a nation buys from other nations

imports are the goods and services a nation produces and sells to other nations; exports are the goods and services a nation buys from other nations.

imports are the goods and services a nation produces and sells to other nations; exports are the country's ability to produce more of a given product than can another country.

Suppose that a worker in agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in zenland can produce either 5 units of organic grain or 15 units of incense per year. there are 20 workers in agland and 10 workers in zenland. currently the two countries do not trade. agland produces and consumes 100 units of grain and 20 units of incense per year. zenland produces and consumes 50 units of grain and no incense per year. if each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by a. 30 units of grain and 100 units of incense. b. 30 units of grain and 150 units of incense. c. 50 units of grain and 90 units of incense. d. 50 units of grain and 130 units of ince

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period