A citizen of Mexico who has lived in El Paso, New Mexico, during the past three years has just sent $100 to relatives in Mexico for Christmas. This transaction is
A. counted in the U.S. balance of payments as an export item.
B. counted in the U.S. balance of payments as a surplus item.
C. counted in the U.S. balance of payments as a current account item.
D. none of these.
Answer: C
You might also like to view...
Many of the world's poorest nations have Gini coefficients lower than in the U.S
Indicate whether the statement is true or false
The "dual mandate" refers to the:
A. twin responsibilities of the Federal Reserve, to use monetary policy to ensure price stability and maintain full employment. B. orders given to both the Federal Reserve and the Treasury department to ensure price stability. C. responsibility given to the Federal Reserve and the Congress to conduct monetary and fiscal policy respectively, to ensure price stability. D. role that the Fed has by being a governmental agency but also must act in the best interest of all citizens of the United States.
Refer to Table 5.1. Andrea has a comparative advantage in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
Concentration ratios are generally computed for ________ markets
A) local B) regional C) national D) global