Which of the following statements is TRUE?
A) A country runs a capital account deficit if it imports more than it exports.
B) If the current account is in surplus,the capital account must be in deficit.
C) The overall sum of all the entries in the balance of payments must be positive.
D) A country runs a current account surplus if it sells more of its assets abroad than it buys abroad.
Correct Answer:
Verified
Q23: A U.S. individual buys shares in a
Q35: Until the mid-1970s the United States consistently
Q38: Which of the following statements is TRUE?
A)An
Q42: Refer to the information provided in Figure
Q45: Refer to the information provided in Figure
Q75: A current account deficit implies a capital
Q79: The current international monetary system is based
Q87: The level of U.S. exports depends directly
Q116: The open economy multiplier is
A) 1/[1 -
Q120: The marginal propensity to consume domestic goods
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