The balance of payments summarizes the transactions that occur during a given time period between
A) the government of one country and the government of another country
B) the national government and local governments in the same country
C) individuals, firms, and government of one country and individuals, firms, and governments throughout the rest of the world
D) individuals, firms, and governments of two countries
E) non-government residents (individuals and firms) of two countries
Correct Answer:
Verified
Q11: The value of a country's exports is
Q12: The balance of goods and services is
A)the
Q13: A nation has an unfavorable balance of
Q14: The merchandise trade balance measures
A)the value of
Q15: In 2011, the United States balance of
Q17: The trade balance is
A)the services balance plus
Q18: The balance of payments always balances, because
Q19: The merchandise trade balance
A)reflects trade in intangibles
Q20: The merchandise trade balance does not include
A)exports
Q21: Net unilateral transfers in the United States
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