The merchandise trade balance does not include
A) exports of refrigerators
B) imports of automobiles
C) exports of agricultural products
D) shipping and insurance costs
E) imports of food items with heavy tariffs
Correct Answer:
Verified
Q15: In 2011, the United States balance of
Q16: The balance of payments summarizes the transactions
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
Q21: Net unilateral transfers in the United States
Q22: When an American buys a Swedish financial
Q23: If a country runs a deficit in
Q24: Current account transactions are records of the
Q25: The debit side of the current account
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