Made In China Talk  

Go Back   Made In China Talk > International Business Talk > Export > Food & Beverage
Directory Register FAQ Members List Calendar Mark Forums Read 中文




Thinking About Economics?


Reply
 
Thread Tools Display Modes
  #1  
Old 07-01-2009, 09:28 AM
John John is offline
Senior Member
 
Join Date: May 2008
Posts: 2,071
Feedback: (0)
Default Thinking About Economics?

1. Greece exports $12.6 billion to other countries in mainly food and beverages, manufactured goods, petroleum products, chemicals, and textiles. It imports $31.4 billion in machinery, transportation equipment, fuels, and chemicals. What can be said about the balance of trade for the country of Greece?a. Unfavorable at -$44 billionb. Favorable at $18.8 billionc. Unfavorable at -$18.8 billiond. Unfavorable at -$18 billion2. A drilling platform located in the North Sea is primarily concerned with getting petroleum from beneath the sea floor. What type of resource is the petroleum as it is pumped into tankers that will transport it to an on-shore refinery?a. Naturalb. Humanc. Capitald. None of the above3. A freelance photographer borrows $2500 in order to purchase a new camera and equipment. What type of resource is the camera?a. Naturalb. Humanc. Capitald. None of the above
Reply With Quote




  #2  
Old 07-01-2009, 09:28 AM
b2b b2b is offline
Senior Member
 
Join Date: Jul 2008
Posts: 1,569
Feedback: (0)
Default Thinking About Economics?

1 - c.Balance of trade is exports - imports. In this case, Greece is importing more than it exports (buying more than it is selling), and so it has a negative balance of trade.2 - a.The petroleum is being harvested from the Earth, and is unrefined in its immediate state, thus it is a natural resource.3 - c.The camera and equipment is a capital investment by the photographer. He is hoping that buy purchasing these investments, he will be able to better produce his product (his photos) and net a positive return on his investment.
Reply With Quote
  #3  
Old 07-01-2009, 09:28 AM
Australia Australia is offline
Senior Member
 
Join Date: Dec 2008
Posts: 1,412
Feedback: (0)
Default Thinking About Economics?

1. C2. A3. C******************************
Reply With Quote
  #4  
Old 03-04-2011, 07:10 AM
jamystrauss jamystrauss is offline
Junior Member
 
Join Date: Mar 2011
Posts: 5
Feedback: (0)
Default

Economics will teach you how to improve your decision-making skills. It will tell you how to analyze every possible option, and make the best and most reasonable decision of whatever limitations that you have.
__________________
toshibadirect coupon code
Reply With Quote
  #5  
Old 06-23-2011, 03:45 PM
jelina jelina is offline
Junior Member
 
Join Date: Jun 2011
Posts: 5
Feedback: (0)
Default

Unfavorable at -$44 billionb. Favorable at $18.8 billionc. Unfavorable at -$18.8 billiond. Unfavorable at -$18 billion2. A drilling platform located in the North Sea is primarily concerned with getting petroleum from beneath the sea floor. What type of resource is the petroleum as it is pumped into tankers that will transport it to an on-shore refinery it is a natural resource.3 - c.The camera and equipment is a capital investment by the photographer. He is hoping that buy purchasing these investments, he will be able to better produce his product (his photos) and net a positive return on his investment.
__________________
java training in ahmedabad
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


| Business Forum | Toronto Chinese

All times are GMT +9. The time now is 03:24 AM.


All rights reserved. Copyright 2007 Made In China Talk