When Madison flies to Italy from the United States on a British airline,stays in Italian hotels,and buys clothing in Milan to bring home after her trip,she

Question

Quizplus · Accepted Answer

The balance of payments is the difference between the amount of money flowing in and out of a country.Because Madison is spending her money outside the U.S. ,she is contributing to the flow of money out of the U.S.and therefore to the negative balance of payments.

When Madison Flies to Italy from the United States on a British