In international trade, all payments and gifts that are related to the purchase or sale of both goods and services are referred to as the

When the value of one currency falls relative to another currency, the exchange rate for the first currency has

A) depreciated. B) appreciated. C) demanded. D) revalued.

Of the following Asian countries, which has the lowest level of real GDP per person?

A) China B) Korea C) Singapore D) Hong Kong