Author Question: Debit entries on the Balance of Payments are the entries that would A) mean a loss of foreign ... (Read 126 times)

clippers! · **on:** Jun 30, 2018

Debit entries on the Balance of Payments are the entries that would

A) mean a loss of foreign exchange.
B) bring foreign exchange into the country.
C) indicate a surplus exists.
D) exist at the bottom line after all accounts are totaled.

Question 2

In a two product two country world, international trade can lead to increases in

A) consumer welfare only if output of both products is increased.
B) output of both products and consumer welfare in both countries.
C) total production of both products but not consumer welfare in both countries.
D) consumer welfare in both countries but not total production of both products.
E) prices of both goods in both countries.