Why is balance of payments a much broader concept than balance of trade?
What will be an ideal response?
A nation's balance of payments is the total flow of money into a country minus the total flow of money out of the country. Due to the inclusion of investments, money spent by foreign tourists, payments by foreign governments, aid to foreign governments, and all other receipts and payments, the concept covers more than balance of trade, limited as the total value of exports minus imports.
You might also like to view...
Carlyon Land Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
A. team problems B. a potential merger C. competence D. a tax break E. irregularities
Which is true?
A. Standards describe best practices. B. Standards provide guidance and suggestions. C. Standards support organizations' efforts to design and continually improve processes. D. Standards list mandatory controls that an organization must have to be certified.
Aperian Global, a consulting company, identified five abilities that returning expatriates thought were necessary for a successful global leadership assignment. One is to ______ connections in the global environment; relationships are a prerequisite for getting things done.
Fill in the blank(s) with the appropriate word(s).
The factor responsible for the largest portion of productivity increase in the United States is:
A) labor. B) management. C) capital. D) All three combined; it is impossible to determine the contribution of individual factors. E) none of these.