The term "balance of payments" refers to a nation's:
A. goods exports minus imports.
B. record of all international transactions.
C. capital inflows minus outflows.
D. official reserves inflows minus outflows.
Answer: B
You might also like to view...
The circular flow of income assumes that
A) the national income accounting approach is not an adequate way to measure the economy's performance. B) profit is not a cost of production. C) goods and services flow in one direction and money payments flow in the other. D) total income is the sum of the value of intermediate goods and final goods and services.
What is the most effective way for consumers to make their desires known to businesses?
What will be an ideal response?
In the United States, the money supply (M1) is comprised of:
A. coins, paper currency, and checkable deposits. B. currency, checkable deposits, and Series E bonds. C. coins, paper currency, checkable deposits, and credit balances with brokers. D. paper currency, coins, gold certificates, and time deposits.
During the latter half of 2004 and the beginning of 2007, the Fed adopted a policy that consistently increased the federal funds rate. The most likely goal of this policy was to:
A. decrease inflation by increasing aggregate demand. B. increase output by decreasing aggregate demand. C. decrease inflation by decreasing aggregate demand. D. increase output by increasing aggregate demand.