The largest portion of any nation's balance of payments current account is the
A. importing and exporting of gold.
B. importing and exporting of services.
C. importing and exporting of capital goods.
D. importing and exporting of merchandise goods.
Answer: D
You might also like to view...
According to the World Bank, Albania does one of the worst jobs as a country enforcing the rule of law. The consequence of a weak rule of law is
A) a decrease in cash transactions and increased efficiency. B) more risk taking on the part of entrepreneurs and greater economic investment. C) strong property rights enforcement leading to greater investment. D) difficulty in attracting investment and low economic growth.
Socialism is correctly described by which of the following statements?
a. Central planning is used exclusively to answer the basic economic questions. b. Markets are used exclusively to answer the basic economic questions. c. Tradition is used exclusively to answer the basic economic questions. d. Government ownership of many resources and centralized decision-making answers the basic economic questions.
Real GDP is important because it is highly correlated with other measures of economic activity.
Select whether the statement is true or false. A. True B. False
Horizontal and vertical demand curves
A) have constant elasticities. B) are not possible in the real world. C) have elasticities that change with price. D) cannot have their elasticities computed using the point method.