The merchandise trade balance
A) reflects trade in intangibles like insurance and tourism
B) includes personal gifts to friends abroad
C) records the flow of financial assets like stocks and bonds
D) equals the value of imports minus the value of exports
E) equals the value of tangible products exported minus the value of tangible products imported
Correct Answer:
Verified
Q14: The merchandise trade balance measures
A)the value of
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
Q20: The merchandise trade balance does not include
A)exports
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
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