The evidence available suggests that the effects of devaluation appear to differ across countries and time so that no strong generalizations regarding the effects of devaluation on the balance of trade and/or balance of payments are possible

Which of the following is best characterized as a public good?

A) a public library B) a church C) primary education D) police protection

In the balance of payments, all of the following are deficit items EXCEPT

A) imports of merchandise. B) funds placed in foreign depository institutions. C) sales of dollars to foreigners. D) tourism expenditures abroad.