Identify the correct statement.
A) Transfer payments refer to the payments made to foreign firms.
B) Net exports are the value of a country's exports minus the value of its transfer payments.
C) Imports refer to the goods and services that are produced abroad and sold domestically.
D) Exports refer to the goods and services that are produced abroad and consumed domestically.
Correct Answer:
Verified
Q63: Which of the following is true of
Q64: A U.S.company buying toys manufactured in China
Q65: An economy that trades freely with the
Q66: A U.S.company selling cameras to a Japanese
Q67: Taxes levied on imports are called _.
A)
Q69: Which of the following is true of
Q70: The opportunity cost of producing a laptop
Q71: An economy that does not trade with
Q72: Autarkia imports oil and natural gas from
Q73: Which of the following statements is correct?
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents