Which of the following is true?
A) U.S.imports are considered a credit item in the balance of payment, because the dollars sold to buy the necessary foreign currency add to foreign claims against U.S.buyers.
B) When the U.S.runs a trade deficit in goods and services with the rest of the world, the rest of the world must be running a trade surplus in goods and services with the U.S.
C) When the U.S.runs a trade deficit in goods, it must run a trade surplus in services.
D) None of the above is true.
Correct Answer:
Verified
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