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 in goods and services minus the value of exports in goods and services.
E) equals the value of tangible products exported minus the value of tangible products imported.
Correct Answer:
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Q15: Which of the following events would not
Q17: The current account reflects:
A)trade in only tangible
Q18: Which of the following statements defines trade
Q19: The balance of goods and services is:
A)the
Q21: The exchange rate is the:
A)opportunity cost of
Q22: The current account records:
A)last year's flows of
Q23: Which of the following is a credit
Q24: A country runs a deficit in its
Q25: The debit side of the current account
Q25: An exchange rate is:
A)the rate at which
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