China runs a current account surplus with the United States. Which of the following must be true about China's balance of payments with the United States?
A) It must run a financial account deficit. B) Its net exports must be negative.
C) Its balance of trade must be in deficit. D) Its balance of payments must run a deficit.
A
Economics
You might also like to view...
Looking at the components of the income approach we see that
A) compensation of employees is the largest category. B) consumption is the largest category. C) profits are the largest category. D) rental income is the largest category.
Economics
In the figure above, the equilibrium exchange rate is expressed as $1 U.S. equals
A) $2.00 Canadian. B) $1.50 Canadian. C) $0.50 Canadian. D) none of the above
Economics