The purchase of French wine by U.S. consumers will be accounted as:
a. a deficit in the services account.
b. a credit in the merchandise account.
c. a debit in the services account.
d. a surplus in the services account.
e. a debit in the merchandise account.
Question 2
Which of the following would not be a part of the merchandise trade balance?
a. Exports of consumer durables
b. Merchandise imports
c. International freight costs
d. Computer hardware exports
e. Sale of domestically produced cars to foreigners
Martian tripod illustration from the 1906 French edition of The War of the Worlds by H.G. Wells.
When the United States gets stuck over a controversial issue—usually something a divided Congress ca
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French fries