The big increase in the U.S. trade deficit in the mid-1970s was mainly due to ___________.

Which of the following statements is true of British colonies set up in areas of Mexico, Guatemala, and Bolivia?

A) Most of the major political decisions were taken by the natives. B) The institutions set up were mostly inclusive. C) The natives had well-defined property rights. D) The natives were forced to work in mines and agricultural estates.

Suppose you own some German government bonds that pay you interest every year. This interest is entered into which of the balance of payments accounts?

A) trade account B) interest account C) current account D) capital and financial account E) official settlements account