1-) If a country has a positive balance of payments on the current account, then

Question

1-) If a country has a positive balance of payments on the current account, then it must:

     A-) be exporting too much.

     B-) be importing too much.

     C-) have a surplus on the financial account.

     D-) have a deficit on the financial account.

2-) The difference between a country's balance of payments on goods and services and the merchandise trade balance is that:

     A-) the merchandise trade balance does not include exports and imports of services.

     B-) the balance of payments does not include exports and imports of services.

     C-) the merchandise trade balance does not include imports of goods and services.

     D-) the balance of payments does not include imports of goods and services.

3-) The relationship between a country's balance of payments on current account (CA) and its balance of payments on financial account (FA) is described by all of the following EXCEPT:

     A-) CA + FA = 0.

     B-) CA = FA.

     C-) CA =

Explanation / Answer

1 a 2 a 3 b 4 b 5 c 6 c 7 d 8 d 9 c 10 b 11 a 12 b

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.