This topic contains a solution. Click here to go to the answer

Author Question: When imports of goods exceed exports of goods, the financial account shows a deficit. a. True b. ... (Read 73 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
When imports of goods exceed exports of goods, the financial account shows a deficit.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When economists talk about a balance of payments deficit, they refer to a condition in which total debits exceed total credits in the balance of payments account.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pocatato

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

False

Answer to Question 2

False




CharlieWard

  • Member
  • Posts: 578
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library