Author Question: Which of the following is true of the balance of payments accounts? a. It records only the trade in ... (Read 57 times)

oliviahorn72 · **on:** Jun 30, 2018

Which of the following is true of the balance of payments accounts?
a. It records only the trade in tangible assets between any two nations.
b. It is a record of a country's merchandise trade.
c. It records the total external debt used to finance government budget deficits.
d. It is recorded biannually in most developed countries.
e. It records a country's trade in goods, services, and financial assets with the rest of the world.

Question 2

When one country buys more from another country than it sells to the country, it is said to be experiencing:
a. economic dualism.
b. double counting.
c. symmetrical trade.
d. internationalizatio n.
e. bilateral trade deficit.