Theoretically, the net balance of payments is
A. A country's capital inflow minus its capital outflow.
B. Foreign demand for a country's currency minus foreign supply.
C. The current account plus the capital account.
D. Exports minus imports.
Answer: C
You might also like to view...
A swap that involves the exchange of one set of interest payments for another set of interest payments is called
A) an interest rate swap. B) a currency swap. C) a swaption. D) an international swap.
Unemployment resulting from normal turnover in the labor market is called: a. frictional unemployment. b. cyclical unemployment
c. structural unemployment. d. seasonal unemployment.
While GDP includes tangible goods such as books and bug spray, it excludes intangible services such as the services provided by teachers and exterminators
a. True b. False Indicate whether the statement is true or false
Jobs that involve pleasant work, as opposed to jobs that involve unpleasant work, usually pay
a. higher wages, because jobs that involve pleasant work typically require more education than do jobs that involve unpleasant work. b. higher wages, because jobs that involve pleasant work typically require more well-developed personality skills than do jobs that involve unpleasant work. c. lower wages, because workers typically are not attracted to jobs that involve unpleasant work unless there is a monetary inducement. d. lower wages, because workers who take jobs that involve unpleasant work typically stay in those jobs for relatively long periods of time and accumulate significant experience.