The trade balance for the United States equals
A. Exports plus imports.
B. The current account balance minus the capital account balance.
C. The difference between the dollar value of exports and the dollar value of imports.
D. The difference between service exports and service imports.
Answer: C
You might also like to view...
An economy is at full employment. Which of the following events can create a recessionary gap?
A) an increase in foreign income B) an increase in taxes C) a decrease in the quantity of capital D) a decrease in money wages
Scarcity applies to: a. only the poor
b. the value of our time. c. both the rich and poor. d. both (b) and (c)
What is the difference between an economic investment and a financial investment?
What will be an ideal response?
The value of the Swiss franc relative to the dollar would decrease if the demand for dollars increases and the supply of Swiss francs
A. remains unchanged. B. increases. C. decreases. D. all of the above are correct