As the most powerful economy in the world,the United States does not need to concern itself with having an unfavorable balance of payments.
The balance of payments is the difference between money coming into a country from exports and money leaving the county from imports plus money flows from other sources,including foreign investments.The United States,like any other nation,can have an unfavorable balance of payments.
Correct Answer:
Verified
Q23: When trading in global markets, most countries
Q42: Compared to many other industrialized countries, the
Q45: Compared to many other industrialized countries, the
Q45: The U.S. government is reducing Export Assistance
Q48: One advantage of licensing is the relatively
Q57: Some firms will practice "dumping" in order
Q58: Foreign firms find it difficult to sell
Q60: A Chinese steel manufacturer is selling certain
Q69: The purpose of forming strategic alliances is
Q78: Any corporation that exports at least 50%
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents