The merchandise trade balance
a. reflects trade in intangibles like insurance and tourism
b. includes personal gifts to friends abroad
c. records the flow of financial assets like stocks and bonds
d. equals the value of imports minus the value of exports
e. equals the value of tangible products exported minus the value of tangible products imported
E
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Refer to the figure above. This country's imports equal
A) CE units of X. B) GH units of Y. C) CD units of X. D) DE units of Y.
A product in the first stage of production is defined as a(n):
a. basic need. b. investment. c. environmental product. d. primary product. e. transitory product.
Money that is backed solely by a government decree is referred to as fiat money
a. True b. False Indicate whether the statement is true or false
An example of a shortage is limited amounts of
What will be an ideal response?