Every international transaction recorded in the balance of payments has both a credit item and a debit item. In the case of a U.S. foreign aid, a debit in the balance of payments, what is the offsetting credit? Explain.
What will be an ideal response?
POSSIBLE RESPONSE: Often the foreign aid is in the form of goods and/or services delivered to the country. The foreign aid might be agricultural products, equipment, sending personnel, etc. So, in the case of a U.S. foreign aid, the offsetting credit item is usually an export item (exports of goods and services).
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Which statement is consistent with what Keynes believed about consumption and disposable income?
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and income are Sociodemographic Psychographic Cohort Usage