The balance of goods and services is:
A) the same as the merchandise trade balance since services cannot be traded.
B) equivalent to the trade balance.
C) the value of all tangible and intangible products exported minus the value of all tangible and intangible products imported.
D) the value of all tangible products exported minus the value of all tangible products imported.
E) the value of all tangible products exported minus the value of all tangible products imported,and the transactions to finance the difference.
Correct Answer:
Verified
Q11: The value of a country's exports is
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Q17: The current account reflects:
A)trade in only tangible
Q18: Which of the following statements defines trade
Q20: The merchandise trade balance:
A)reflects trade in intangibles
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
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Q25: The debit side of the current account
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