« previous next »

Author Question: The broader economy and one's own business skills will influence the level of one's personal ... (Read 72 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
on: Jul 14, 2018
The broader economy and one's own business skills will influence the level of one's personal financial success.
 
 Indicate whether the statement is true or false

Question 2

Why is balance of payments a much broader concept than balance of trade?


sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 14, 2018
Answer to Question 1

True

Answer to Question 2

A nation's balance of payments is the total flow of money into a country minus the total flow of money out of the country. Due to the inclusion of investments, money spent by foreign tourists, payments by foreign governments, aid to foreign governments, and all other receipts and payments, the concept covers more than balance of trade, limited as the total value of exports minus imports.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Level II HCPCs Codes Cont. Level II HCPCs Codes Cont.
Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction. Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Hormonal pathways that influence sperm formation Hormonal pathways that influence sperm formation
Video: Electrical changes in the heart

For a complete list of videos, visit our video library