When the U.S. government provides military aid to other governments, this enters into the U.S. balance of payments account as
a. merchandise exports
b. merchandise imports
c. income payments on investments
d. unilateral transfers
e. change in U.S. assets abroad
D
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Demand-pull inflation is more likely to occur when the economy is producing at maximum capacity
a. True b. False Indicate whether the statement is true or false
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at aggregate markets while macroeconomics is concerned with individual markets. b. macroeconomics is concerned with policy decisions while microeconomics applies only to theory
c. microeconomics is concerned with individual markets while macroeconomics is concerned with aggregate markets. d. macroeconomics is concerned with positive economics while microeconomics is concerned with normative economics.