The balance of trade records A) trade in financial assets. ...

[audragclark]

The balance of trade records
 
  A) trade in financial assets.
  B) the current account plus long-term capital.
  C) the value of merchandise exports minus imports.
  D) short-term capital plus the basic balance.

Question 2

In effect, the U.S. does subsidize high-tech firms by subsidizing R&D. This is done through
 
  A) the budget of the Department of Education.
  B) systematic protection through the levying of tariffs.
  C) systematic protection through the establishment of NTBs.
  D) relatively accelerated depreciation of R&D investment in the Federal tax codes.
  E) subsidies for high-tech firms.

[gasdhashg]

Answer to Question 1

C

Answer to Question 2

D