If a French company exports $2 million of machinery to Italy and French tourists spend $2 million at Italian beaches,the French merchandise trade balance ________,and the French financial account balance ________.
A) rises; rises
B) rises; is unchanged
C) is unchanged; is unchanged
D) is unchanged; rises
Correct Answer:
Verified
Q6: Which of the following would be part
Q7: If a French company sells 1000 gallons
Q8: Which of the following transactions would not
Q9: If France has a trade deficit,then
A)imports into
Q10: A country has a current account surplus
Q12: Which of the following would be part
Q13: The current account balance consists of
A)the trade
Q14: The balance of payments equals
A)the sum of
Q15: If the United States sells computers to
Q16: If the United States donates footballs to
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